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Peru's second season anchovy fishing was nearing its end on January 30, 2023, with about 20% of the quota still uncaught. The season's late start and weather constraints had limited the catch.
A shortfall of roughly one-fifth of the anchovy quota reduces fishmeal supply for the year, which supports fishmeal prices and firms soymeal demand from feed mills.
undercurrentnews.comJan 30, 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.
