
EU wheat production in 2026/27 is forecast at 131.3 million tonnes, down from 143.4 million tonnes the previous year, reflecting reduced planted area and lower yields. Consumption is projected to edge up to 113.1 million tonnes, while exports are forecast at 29.9 million tonnes; ending stocks are expected to fall to 11.3 million tonnes from 16.3 million tonnes.
Lower production alongside steady consumption and substantial exports reduces the EU’s supply buffer, increasing the risk of tighter availability and supporting wheat prices.
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.
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.