
Spain expects to plant 524,700 hectares of alfalfa, vetch and forage maize in 2026, 1% more than the previous year. The Agriculture Ministry reported that dehydrated alfalfa prices recovered to €264.2 per tonne for bales and €219.3 for pellets, while national processed-forage output fell 12.1%.
Lower processed-forage output alongside recovering alfalfa prices points to tighter availability and support for alfalfa values. The modest increase in total forage area may partly offset that pressure.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.