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WWF welcomed the European Parliament's 13 September vote for a stronger deforestation regulation. MEPs added other wooded land, more product checks, clearer definitions, and a broader product scope.
The financial sector would also be subject to the rules.
A broader product scope and more checks would increase traceability costs for EU importers of soy, palm oil, and corn, supporting firmer feed-protein and oilseed prices.
wwfcee.org© Seppo LeinonenSep 13, 2022After 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 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.
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.
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.
