
Peru suspended anchovy fishing for 15 days, from May 27 to June 10, 2026, to protect juvenile fish. The move follows an IMARPE recommendation tied to warm ocean conditions linked to El Niño.
A further suspension cuts fishmeal output during the season and can extend the supply shortfall. Tighter fishmeal supply supports protein prices and may increase demand for soymeal.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.