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Peru extended its anchovy fishing ban, and the market is anticipating a decision that could shorten the season well short of quota to protect juveniles.
A longer or shorter-than-expected ban directly limits fishmeal supply, pushing fishmeal prices up and increasing demand for soybean meal substitutes.
intrafish.comJohn EvansJan 7, 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.
