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PRODUCE delayed the main north-central anchovy season because El Niño has pushed fish deeper and closer to shore. Industry executives say the biomass is largely juvenile and the quota will be small.
A delayed, low-quota season reduces fishmeal output at a time of seasonal demand, supporting higher fishmeal prices and substitute protein costs.
seafoodsource.comSeafoodSourceJun 1, 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.
