
S&P Global Energy forecasts EU corn use for feed and residual purposes will fall to 51.5 million tons in 2026/27 from 55 million tons a season earlier, while wheat feed use rises to 51 million tons from 50 million. The estimates were presented at Grain Academy 2026 in Sofia.
Shifting feed demand from corn to wheat reduces EU import needs for corn, which can soften corn import demand and prices, though Black Sea export restrictions could tighten alternative supplies.
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.
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.