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Undercurrent News reports that the global marine ingredient market is uncertain because Peru's anchovy season has been delayed. Buyers are waiting to see when fishing will start and how much fishmeal Peru will produce.
A later Peruvian season delays a major source of fishmeal supply, which supports fishmeal prices and may push feed buyers toward soybean meal as a substitute.
undercurrentnews.comMaría FeijóoMay 22, 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.
