Agroforestry systems are reported as climate‐resilient productive systems, but it is yet unclear how tree shade affects crops performance. The aim of this work was to assess how the phenology, plant traits and grain yield of wheat and barley were affected by shade. In an open greenhouse experiment, we cultivated in pots nine cultivars differing in precocity for each species and imposed three artificial shading levels (S0 ~ 0%, S1 ~ 25%, S2 ~ 50%) at the start of cereal booting. Our results showed that shade speeded up first growth stages in both species, until the starting of milk development. Barley showed consistent phenological responses to the three irradiance levels among cultivars, but not wheat that showed larger phenological differences among cultivars at moderate shade. Deep shade prolonged the time needed for wheat grain ripening. Both species increased grain yield by 15%–20% with shade, driven by shade‐acclimations of plant traits that differed among species. For wheat, grain yield was determined by the assemblage of traits that contribute to yield, such as grain weight, precocity and non‐photochemical quenching, while, for barley, SPAD value, precocity to reach phenological stages, grains per spike and plant height had the strongest influence. These traits varied widely among cultivars and seem of interest to identify best suited cultivars for shading conditions of Mediterranean agroforestry systems.