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Civil society groups reacted to the provisional EU deforestation agreement reached on 5 December 2022, which sets a 31 December 2020 cut-off and covers palm oil, beef, timber, coffee, cocoa, rubber and soy. The agreement is expected to apply from 2025.
The article offers first analyses of the rules' scope and definitions.
Analysis of scope and definitions helps buyers gauge how much EU-bound soy and palm oil could be affected. Most of the price impact depends on how strictly the rules are enforced.
fair-and-precious.orgDec 16, 2022After 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.
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.
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.
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.
