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The European Parliament passed a bill on 13 September requiring importers to verify that 14 commodity types are not linked to deforestation. The list expanded beyond the Commission's six original commodities to include pork, poultry, corn, and other products.
The bill still needs Council and national approval.
Adding corn and poultry to the scope raises compliance costs for EU feed imports, which could tighten supply of soy, corn, and meat inputs and lift prices.
news.mongabay.comAlexandre de SantiSep 15, 2022After 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.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), 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.
