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Maplecroft reports that Brazil's Amazon deforestation reached a 15-year high in the year to August 2021 and is expected to exceed 10,000 km2 in 2022. It notes Brazil's foreign ministry opposed the EU Parliament's deforestation bill as potentially discriminatory, ahead of the October 30 election.
Rising Amazon clearing and Brazilian resistance to EU rules raise the risk of tighter EU access for Brazilian soy and beef, which could support non-Brazilian supply and EU premiums.
maplecroft.comEileen GavinOct 21, 2022After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 102 past neutral policy events, LCATTLE 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.
