Wheat prices at Polish grain buyers rose in several locations, with some above 900 zł/t. Corn and grain prices fell, and corn harvest logistics remain slow.
The USDA's November report raised its global wheat production estimate to 827.51 million tonnes, up 5.12 million, and cut its global corn production forecast by 2.20 million tonnes to 1,291.55 million.
The USDA's larger global wheat crop is bearish for export prices, but firmer domestic wheat bids suggest local support. Lower corn prices reflect ample supply and weak demand for feed buyers.
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.
After 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.
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.