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Chicago wheat fell 2.4% after USDA's October estimates raised the US corn crop to 16.034 billion bushels, above the 15.8 billion expected in September, with yield at 181.2 bushels per acre. Euronext December wheat closed down about 0.9% at 242 euros per tonne, and a stronger euro against the dollar also weighed on European prices.
A larger US corn crop and higher ending stocks add supply to the feed grain complex, and wheat competes with corn for livestock feed, so the surplus pressures European and Chicago wheat prices.
omnitrattore.itCristian FuriniNov 4, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 54 past report events, Euro (USD per EUR) moved a median +0.1% over 5 sessions (59% higher; middle half -0.4% to +0.8%), and +0.1% 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.
