
French wheat prices fell as lower Russian export prices and subdued international demand increased competitive pressure. Corn received support from expectations that the upcoming USDA WASDE report could lower the U.S. production estimate, although record corn stocks were also noted.
Cheaper Russian export offers can redirect demand away from other origins and weigh on wheat prices. Expectations of a smaller U.S. corn crop lent support to corn, though ample stocks could limit the upside.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.