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Reuters feature on Peru's dominance of global fishmeal exports, sourced from its anchovy catch. The piece explains how El Niño has periodically devastated Peru's anchovy harvest since the 1970s and argues climate change has increased the frequency of those effects.
Peru's anchovy catch is the main swing factor for global fishmeal supply, so any El Niño-driven loss would likely push fishmeal and related protein prices higher. Buyers should watch Peruvian season forecasts and ENSO outlooks.
reuters.comMatthew GreenNov 7, 2018Not enough comparable past events yet for a historical read.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
