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Peru has ordered the closure of the anchovy fishing season. The report is dated January 25, 2018.
Anchovy catches feed the country's fishmeal production.
Closing the season removes fishmeal supply from the world's largest exporter, which should firm fishmeal prices and support demand for soybean meal as a replacement protein.
undercurrentnews.comMatilde MereghettiJan 25, 2018Not 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.
