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The Parliament's Environment Committee adopted its position by 60 votes to 2 with 13 abstentions on the Commission's deforestation-free products proposal. MEPs want the scope extended to pigmeat, sheep and goat meat, poultry, maize, rubber, charcoal and printed paper, and want human and indigenous rights added to due diligence.
A wider scope that includes maize and pigmeat would add compliance requirements for EU feed-chain imports, which could marginally cut EU demand for certain origins. The committee position is not final, so the market impact is minor for now.
europarl.europa.euJul 12, 2022After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
