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Peru's northern-central anchovy season closed early after only 36 percent of its quota was harvested, in order to protect abundant juvenile fish. The fishmeal market is reacting nervously to the loss of expected supply.
A smaller Peruvian anchovy catch cuts global fishmeal supply, which tightens feed protein and tends to lift fishmeal prices and support demand for soybean meal as a substitute.
intrafish.comJohn EvansJan 15, 2020Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
