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Peruvian fishmeal forward contracts rose sharply as Asian buyers moved early to secure supply. The rush to buy forward reflects demand for supply ahead of the anchovy season.
Strong forward buying signals firm near-term demand for Peruvian fishmeal, which supports prices despite a larger expected catch.
undercurrentnews.comMatilde MereghettiApr 3, 2018Not enough comparable past events yet for a historical read.
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.
