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A law firm briefing explains the EU Deforestation Regulation adopted by Parliament on 19 April, which prohibits placing listed agricultural and livestock products from deforested areas on the EU market. It notes that Parliament added rubber, charcoal, printed paper and several palm oil products, and sought to extend scope to maize, pork and poultry.
If maize, pork and poultry are added, the scope of EU import compliance would widen, adding cost and uncertainty for exporters of these feed-related commodities.
blomstein.comApr 20, 2023After 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 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
