Expana raised its 2026/27 EU soft-wheat production forecast by 100,000 tonnes to 128.8 million tonnes and its barley forecast by 400,000 tonnes to 52.7 million tonnes. It lowered the 2026 corn production forecast from 58.3 million to 58.0 million tonnes, citing delayed planting in eastern Europe, drought risk and higher fertilizer costs.
The agency also slightly raised its 2025/26 EU soft-wheat export outlook, while keeping exports below 30 million tonnes.
A smaller EU corn crop outlook could tighten regional feed-grain availability and support corn prices; larger wheat and barley forecasts point to more supply of those grains and may weigh on prices.
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.
Not enough comparable past events yet for a historical read.
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.
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.