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Peru's production ministry cancelled the first anchovy season in early June after the marine institute Imarpe recommended against it following exploratory fishing. Markets are now waiting for news on whether a season will open.
Without the first anchovy season, global fishmeal supply is reduced, which supports fishmeal prices and substitute protein meals.
agnavigator.comJane ByrneJul 21, 2023Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
