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Satelligence explains that the EU Deforestation-Free Products Regulation is not yet final and is in trilogue negotiations. It covers palm oil, soy, beef, wood, cocoa, coffee and derived products, with the benchmarking system and penalties reportedly agreed.
Importers of palm oil, soy and beef into the EU may face traceability and due diligence costs, which could weigh on EU-bound demand for these commodities if the law is finalized as expected.
satelligence.comArjen VrielinkNov 14, 2022After 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 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
