# Heatwave ravages European fields, sending wheat prices soaring - Grainews

> Searing heat has damaged wheat fields across northern Europe, and forecasters cut EU soft wheat estimates to a six-year low. France, Germany and Scandinavia all face sharp harvest losses, and Sweden's crop is seen down about 40 percent.

- Date: 2018-08-02 · published 2018-08-02T12:00:00.000Z
- Category: weather · region Europe · magnitude high
- Page: https://feedsoft.ai/events/9685-heatwave-ravages-european-fields-sending-wheat-prices-soaring-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large shortfall from the EU, the world's largest wheat grower, reduces export supplies and lifts wheat and barley prices used in feed.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-08-06 | 1 | +3.6% | 3.6 | EU soft wheat estimates cut to a six-year low and sharp losses in France, Germany and Scandinavia tighten global supply and support SRW via spillover from Europe. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-23 | [Hope erodes for EU wheat yields, as 'pronounced rain deficit' saps crops - Grain Price News](https://feedsoft.ai/events/41355-hope-erodes-for-eu-wheat-yields-as-pronounced-rain-deficit-saps-crops-grain.md) | -2.2% | -3.2% |
| WHEAT | 2018-08-02 | [Weather Woes Ravage Europe's Wheat Fields, Markets Race Higher \| ESM Magazine](https://feedsoft.ai/events/63469-weather-woes-ravage-europe-s-wheat-fields-markets-race-higher-esm-magazine.md) | +3.5% | +1.5% |
| WHEAT | 2017-06-20 | [Heatwave damages French wheat crops, rain helps in northern Europe](https://feedsoft.ai/events/70429-heatwave-damages-french-wheat-crops-rain-helps-in-northern-europe.md) | -0.9% | -0.9% |
| WHEAT | 2018-08-04 | [Global Heat Wave Toasts Wheat and Prices Soar](https://feedsoft.ai/events/9684-global-heat-wave-toasts-wheat-and-prices-soar.md) | +2.9% | +1.6% |
| WHEAT | 2022-05-24 | [Spring wheat, oat futures outperform, as storms hamper US sowings - Grain Price News](https://feedsoft.ai/events/41453-spring-wheat-oat-futures-outperform-as-storms-hamper-us-sowings-grain-price-news.md) | -0.7% | -2.5% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/heatwave-ravages-european-fields-sending-wheat-prices-soaring/

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