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Rabobank's report 'Global Aquaculture Update 1H 2022' projects strong seafood demand and high farmed salmon and shrimp prices. It expects relatively flat feed costs and cooling fishmeal demand, with soymeal becoming more competitive.
Cooling fishmeal demand alongside competitive soymeal prices suggests feed buyers may have more room to substitute away from fishmeal in 2022.
globalseafood.orgJames WrightFeb 4, 2022Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
