
The European Commission reports that weather extremes continue to hamper tillage work across Europe as the 2026 harvest nears completion. EU yield forecasts are below the five-year average for most crops, with slight downward revisions in regions hit by poor soil moisture.
Dry soils have hampered rapeseed emergence in parts of western and central Europe, while waterlogging has delayed winter sowing in the Baltics and Finland.
Yields below the five-year average and patchy winter crop establishment tighten the EU grain and oilseed outlook, which supports wheat and rapeseed-based feed prices.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.