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The first-season Peruvian anchovy quota came in lower than producers had expected. Market demand and supply nonetheless appear more balanced than in past years, and fishmeal sentiment has turned somewhat bullish.
A quota below expectations tightens near-term fishmeal supply, and balanced supply and demand points to firmer fishmeal prices for feed buyers.
Not enough comparable past events yet for a historical read.
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.