# Weather Woes Ravage Europe's Wheat Fields, Markets Race Higher | ESM Magazine

> Heat and drought have cut European wheat estimates, with the EU soft wheat crop forecast below 130 million tonnes, a six-year low. European wheat prices rose about 15 percent in three weeks to their highest since late 2014, and Sweden's crop is seen down 40 percent.

- Date: 2018-08-02 · published 2018-08-02T12:00:00.000Z
- Category: weather · region EU · magnitude high
- Page: https://feedsoft.ai/events/63469-weather-woes-ravage-europe-s-wheat-fields-markets-race-higher-esm-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Sharp European crop losses and rising wheat prices raise global wheat values and feed grain costs, as buyers look for substitute supplies.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-05 | [Wheat Rebounds On Supply Woes, Corn At Two-Week High \| ESM Magazine](https://feedsoft.ai/events/6997-wheat-rebounds-on-supply-woes-corn-at-two-week-high-esm-magazine.md) | +0.2% | -3.9% |
| WHEAT | 2018-08-02 | [Heatwave ravages European fields, sending wheat prices soaring - Grainews](https://feedsoft.ai/events/9685-heatwave-ravages-european-fields-sending-wheat-prices-soaring-grainews.md) | +3.5% | +1.5% |
| WHEAT | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.3% | +0.2% |
| WHEAT | 2024-05-14 | [Wheat market hits highest levels since July on weather concerns \| Farm Online \| ACT](https://feedsoft.ai/events/10913-wheat-market-hits-highest-levels-since-july-on-weather-concerns-farm-online-act.md) | +18.9% | +7.8% |
| WHEAT | 2017-05-24 | [Chilly Weather Risks Delaying Black Sea Wheat, Barley Harvest \| ESM Magazine](https://feedsoft.ai/events/71080-chilly-weather-risks-delaying-black-sea-wheat-barley-harvest-esm-magazine.md) | -0.1% | -0.3% |
| CORN | 2018-09-05 | [Wheat Rebounds On Supply Woes, Corn At Two-Week High \| ESM Magazine](https://feedsoft.ai/events/6997-wheat-rebounds-on-supply-woes-corn-at-two-week-high-esm-magazine.md) | -0.4% | +1.2% |
| CORN | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.5% | -3.8% |
| CORN | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +10.5% | +8.1% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/weather-woes-ravage-europes-wheat-fields-markets-race-higher-63201

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.