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The EU agreed a law that would block imports of soy, beef, palm oil, wood, cocoa and coffee, plus derived products such as leather, chocolate and furniture, if linked to deforestation. Importers must show where and when the commodities were produced and provide verifiable evidence that the land was not deforested after 2020.
Traceability requirements could restrict EU-bound soy and palm oil supplies that cannot be verified, shifting trade flows. That may soften EU import demand and prices for these oilseeds.
reuters.comKate Abnett, Jake SpringDec 6, 2022After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
