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By January 19, 2023, Peru's anchovy fleet was still well short of its full second season quota, with time running out before February. The IFFO said global demand could still be met despite a late season start and climatic conditions.
Fewer Peruvian anchovies caught means less fishmeal available to global feed buyers, supporting fishmeal prices and possibly soymeal demand as a replacement.
intrafish.comJohn EvansJan 19, 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.
