
Spain’s forage sector produced about 15 million tonnes of green forage in 2025/26, 3% above the five-year average. For 2026/27, reported forage area is 525,000 hectares, up 1% year over year; alfalfa area is steady at 211,679 hectares, vetch area rises 4.7%, and forage-corn area falls 3%.
Dehydrated forage production fell 12% in 2025/26 to 996,000 tonnes, below recent averages.
Reduced dehydrated-forage output may tighten available alfalfa supplies and support prices, while the slightly larger total forage area could 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.