Peru's second anchovy season in the north-central area closed on January 13, 2024, with about 75% of the 1.682 million ton quota landed. An early October 2023 start drove higher November catches, and Chile and the North Atlantic also reported larger landings.
The shortfall against quota limits fishmeal and fish oil supply after El Niño cut Peruvian output, so buyers face firm fishmeal pricing and tighter protein supply.
Not enough comparable past events yet for a historical read.
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.
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.