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FoodNavigator rounds up corporate strategies and policies aimed at reducing deforestation in food supply chains. It notes palm oil, soy, cocoa and coffee are most linked to deforestation and that maize is considered a growing contributor but is not yet covered by the EU rules.
Pressure to add maize to the EUDR could eventually bring corn exports into compliance scope, but no immediate price impact is evident from this roundup.
foodnavigator.comFlora SoutheyAug 6, 2024After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
