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The first anchovy season in Peru's central and northern waters has not opened, with catches to date only around 40,000 tonnes. Industry sources note the first season could normally yield 1 to 1.5 million tonnes.
Catches far below normal levels signal a large fishmeal supply shortfall, which supports fishmeal prices and demand for soymeal alternatives.
mag.hookandnet.comEduardo Campos LimaJul 5, 2023Not 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.
