
Spain's forage sector produced about 15 million tonnes of green forage in 2025/2026, around 3% above the five-campaign average. For 2026/2027, the ministry estimates about 525,000 hectares, with alfalfa area stable, vetch area up 4.7%, and forage maize area down 3%; dehydrated forage output was 996,000 tonnes in the prior campaign, 12% below the year before.
Stable alfalfa acreage and slightly higher total forage area point to broadly steady supply, but the sharp fall in dehydrated forage output can support alfalfa prices. The smaller forage-maize area may also trim local feed availability.
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.