Etifor summarizes amendments the European Parliament adopted on September 13 to the Commission's deforestation-free products proposal. The changes widen commodity scope to include natural rubber and maize and extend the forest definition to non-forest ecosystems such as Brazil's Cerrado.
Adding maize and extending the forest definition to the Cerrado would bring Brazilian and US feed corn and soy under EU verification, which could affect export premiums and EU demand for those origins.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.