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French permanent pasture growth reached only 51.4% of its expected annual value by August 10, 2026, against a 1989-2018 reference of 76.2%, according to the Ministry of Agriculture's Isop indicator. Several regions were below 50%, with Burgundy-Franche-Comté lowest at 45.7%.
A roughly one-third shortfall in grass growth means less home-grown forage, so horse and ruminant owners will compete for hay and buy earlier, which tends to firm hay prices into winter.
Not enough comparable past events yet for a historical read.
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.