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A Peruvian fishing union leader says juvenile anchovies make up as much as 90% of catches, versus a 10% limit set for the quota. He has requested a closure of the anchovy fishery.
A request for closure signals likely supply restrictions on fishmeal, which is supportive for fishmeal prices and for protein meal substitutes.
intrafish.comIntraFish MediaDec 17, 2019Not 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.
