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A World Economic Forum article describes new cattle-tracing and commodity-tracing technologies, including a Brazilian app that identifies cattle by muzzle photo. It notes the European Parliament approved the deforestation regulation on 13 September 2022, placing traceability duties on importers.
Traceability requirements for beef, soy and palm oil imports into the EU could raise compliance costs for Brazilian and other exporters, a modest bearish factor for EU-bound flows.
weforum.orgJonathan WalterNov 2, 2022After 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.
After 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.
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.
