Temperature and precipitation are the most important factors responsible for agricultural productivity variations. In 2018 spring/summer growing season, Europe experienced concurrent anomalies of both. Drought conditions in central and northern Europe caused yield reductions up to 50% for the main crops, yet wet conditions in southern Europe saw yield gains up to 34%, both with respect to the previous 5‐year mean. Based on the analysis of documentary and natural proxy‐based seasonal paleoclimate reconstructions for the past half millennium, we show that the 2018 combination of climatic anomalies in Europe was unique. The water seesaw, a marked dipole of negative water anomalies in central Europe and positive ones in southern Europe, distinguished 2018 from the five previous similar droughts since 1976. Model simulations reproduce the 2018 European water seesaw in only 4 years out of 875 years in historical runs and projections. Future projections under the RCP8.5 scenario show that 2018‐like temperature and rainfall conditions, favorable to crop growth, will occur less frequent in southern Europe. In contrast, in central Europe high‐end emission scenario climate projections show that droughts as intense as 2018 could become a common occurrence as early as 2043. While integrated European and global agricultural markets limited agro‐economic shocks caused by 2018's extremes, there is an urgent need for adaptation strategies for European agriculture to consider futures without the benefits of any water seesaw.

a b s t r a c tThis study addresses the role of satellite Earth Observation (EO) indicators within an operational crop yield forecasting system for the European Union (EU) and neighbouring countries, by exploring the correlation between official yield statistics and indicators derived from fAPAR time-series at sub-national level for the period 1999-2012, and by identifying possible differences across agro-climatic conditions in Europe.A significant correlation between fAPAR and official yields (R 2 > 0.6) was found in water-limited yield agro-climatic conditions (e.g. the Black Sea region and the Mediterranean basin) for all three crops studied. In regions where crops experience frequent water stress, most of the yield inter-annual variability is explained by substantial changes in leaf area from one year to another, and can be well captured by regional fAPAR time-series. By contrast, in regions characterized by high yields (e.g. northern Europe) -where water constraints are generally not frequent and, therefore, fAPAR inter-annual variability is low -the correlation between fAPAR and yield is weaker (R 2 < 0.5) as yield variations tend to be explained by multiple factors other than green leaf area.These results confirm the reliability of EO time-series for operational crop yield forecasting at regional level, but also suggest that additional meteorological variables (temperature, precipitation, evapotranspiration) need to be taken into account to interpret EO products meaningfully. Moreover, specific issues related to the spatial resolution of the EO-products, and the absence of dynamic crop masks, currently impede access to crop-specific time-series in the fragmented agricultural landscapes of Europe, and restrict the use of 1-km biophysical products to major crops.

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