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Mongabay reports that the EU law against deforestation-linked imports covers forests but not Brazil's Cerrado savanna, where almost half the land has been cleared, largely for soy exports to China and the EU. The final text does not regulate corn, does not apply to lenders, and only requires compliance with national laws in producing countries.
Officials and NGOs praised the law while criticising these gaps.
The exclusion of Cerrado savanna means much Brazilian soy may still enter the EU and China without these checks. That limits the expected pressure on soy supply and prices in the near term.
news.mongabay.comAlexandre de SantiDec 8, 2022After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
