◂ Event Timeline

Feb 2, 2023POLICYEU

Business and Human Rights: Developments and What to Watch For

A law firm alert reviews upcoming human rights and due diligence rules, including the EU Corporate Sustainability Due Diligence Directive. The directive is likely to be adopted by the end of 2023, with a two-year transposition period for member states.

WHY IT MATTERS

Broader due diligence obligations add compliance burdens for agricultural supply chains, but timelines are long and direct price effects are minimal near term.

AFFECTSSoybeans Soybean Meal Palm Oil

SOURCE
cov.comDaniel F. Feldman, Donald J. Ridings Jr., Sarah Bishop, Tom Plotkin, Hannah Edmonds-CamaraFeb 2, 2023

Price reaction & history

Soybeansno directional readSO FAR1d +0.9%5d -0.0%20d -0.0%

After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

Jan 31, 2025Critical Moment for the EU Anti-Deforestation Law | Human Rights Watch+1.6%
Feb 21, 2022EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre+2.7%
Jan 27, 2022EU: To End Deforestation, Protect Land Rights | Human Rights Watch+7.3%
Mar 10, 2021Certification schemes let forest destruction into EU market - Business and Human Rights Centre-1.2%
May 16, 2023EU Approves Law for ‘Deforestation-Free’ Trade | Human Rights Watch-4.2%

Soybean Mealno directional readSO FAR1d +1.2%5d -0.7%20d +0.1%

After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.

Nov 8, 2024EU: Don’t Weaken the Anti-Deforestation Law | Human Rights Watch-3.2%
May 17, 2021Letter to European Commission on Land Rights in FERCs Regulation Proposal | Human Rights Watch-5.5%
Jun 4, 2021Global market developments of PAPs and Vitamin E50 - Food & Agribusiness-2.2%
Jun 30, 2021EU to lift ban on animal by-products for livestock food - UK Human Rights Blog+1.8%
Oct 25, 2021Feed millers push for GMO imports to cut rising costs - Business Daily+1.0%

Palm Oilno directional readSO FAR1d -1.1%5d +3.1%20d +6.5%

After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% over 20.

Jan 31, 2025Critical Moment for the EU Anti-Deforestation Law | Human Rights Watch+2.1%
Feb 21, 2022EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre+2.9%
Mar 10, 2021Certification schemes let forest destruction into EU market - Business and Human Rights Centre+2.5%
May 16, 2023EU Approves Law for ‘Deforestation-Free’ Trade | Human Rights Watch-1.7%
Dec 8, 2021The European Commission’s new proposed deforestation regulation - what does it mean for indigenous peoples and forest communities? - Business and Human Rights Centre-3.7%

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.

Soybeans SOY · GP ▸

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Soybean Meal SBM · GP ▸

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