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Oceana said Peru's second anchovy season will not cause a fishmeal supply shock. The group's analysis points to a manageable catch relative to expectations.
If the second season supply is adequate, the market is less likely to see a sustained fishmeal price rally, limiting upside from the quota news.
Not 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.