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Peru's second-season anchovy quota for the north-central fishery came in at the high end of expectations. If the quota is fully harvested, fishmeal and fish oil supply will increase.
Market sentiment across the fishmeal chain is shifting toward more supply, which points to softer fishmeal prices if the catch is fully landed.
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.