Loading…
FoodNavigator reports the European Commission's view that its proposed deforestation due diligence law is the most efficient globally. It notes that forest loss is mostly driven by cropland conversion and livestock grazing, and that the EU, US and UK are exploring similar legislation.
Potential due diligence liability for commodities such as soy and beef could shift trade flows and raise costs for exporters, but timing and final scope remain uncertain, so the price effect is limited for now.
foodnavigator.comFlora SoutheyNov 29, 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 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
