Loading…
Peru has partially suspended its anchovy fishing season, tightening supply of fishmeal. Fishmeal prices jumped on the news.
Anchovy is the main raw material for fishmeal, so a partial closure cuts global supply and supports prices for fishmeal and feed-grade protein substitutes such as soybean meal.
undercurrentnews.comLouis HarkellDec 23, 2019Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, SBM 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.
