
Spain's forage sector recorded about 15 million tonnes of green production in 2025/2026, roughly 3% above the average of the previous five campaigns. Initial estimates for 2026/2027 put forage area at about 525,000 hectares, including stable alfalfa acreage, a 4.7% increase in vetch, and a 3% decline in forage maize.
The small rise in total forage area suggests little change in overall supply, while lower dehydrated-forage production in the previous campaign and recovering prices may support alfalfa values. The reduced forage-maize area could modestly tighten 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.