USDA raises wheat crop forecast; EU unchanged. What about corn?

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.

• Nov 9, 2021France raises crop forecasts for wheat, maize and+1.8%
• Feb 24, 2022USDA cuts corn, raises soy and wheat acreage for 2022+6.8%
• Oct 11, 2022Wheat, corn futures slip ahead of key USDA crop forecasts | Financial Post+3.1%
• May 17, 2024Strategie Grains raises EU soft wheat crop forecast to 123.5 mln tons+19.4%
• May 28, 2022Coceral Association raises forecast for soft wheat in EU and UK after rains-2.1%

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.

• Feb 24, 2022USDA cuts corn, raises soy and wheat acreage for 2022+6.5%
• Dec 10, 2024USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report | Feed & Grain+1.6%
• Aug 26, 2025MARS raises EU soft wheat yield forecast to 6.15 t/ha+2.1%
• Mar 8, 2018USDA Raises Corn Demand for Exports and Ethanol+2.4%
• Jun 25, 2024MARS lowered yield forecasts for wheat, corn and rapeseed for the EU-4.9%