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As of mid-July, 79% of Peru's 2.792 million MT north-central anchovy quota had been landed. Tough winter conditions and port closures raised doubts that the full quota would be harvested.
Doubts about full landings signal tighter fishmeal supply, which supports prices for fishmeal and soybean meal substitutes.
intrafish.comJohn EvansJul 14, 2022Not 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.
