
Peru's government approved an emergency credit supplement of 8,200 million soles and set aside 150 million soles for irrigation channel maintenance. Authorities activated an emergency protocol to protect logistics corridors for over 60 export products, as El Niño causes coastal rains and drought.
A strong El Niño threatens Peruvian farm output, ports and export corridors, supporting feed ingredient prices such as fishmeal and soymeal substitutes amid already tight anchoveta supply.
Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.