Strategie Grains cut its EU corn production forecast by 730,000 t to 56.21 Mt, citing downgrades in France, Hungary and Romania. It slightly raised EU soft wheat output to 129.05 Mt and EU wheat exports to 17.1 Mt.
Corn demand fell on weaker industrial and feed use.
A smaller EU corn crop tightens European feed corn supply, though lower demand limits the price effect. Higher EU wheat exports support wheat demand in the export market.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.