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Peru has already taken more than 33% of its anchovy quota in the first 20 days of the season. The pace of catch indicates the fishery is moving quickly toward its allowance.
A fast catch pace raises the chance of an early season close and tighter fishmeal availability, which supports fishmeal and soymeal substitution prices.
undercurrentnews.comMatilde MereghettiMay 19, 2017Not 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.
