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A Joint Research Centre report finds the Amazon lost more than 35,000 km2 of intact humid forest in 2022 through deforestation and degradation, about 15% more than in 2021. Deforestation in the Brazilian Amazon fell by almost 50% in the first 10 months of 2023, while other Amazon countries showed mixed trends.
The report also examines the risk that expanding soy production poses to forests.
Lower Brazilian deforestation eases near-term pressure on soy expansion, but the risk of soy-linked clearing in other Amazon countries could affect future Brazilian soy supply and EU sourcing.
joint-research-centre.ec.europa.euFeb 28, 2024After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, SBM moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
