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Trase research commissioned by the Greens/EFA group finds the draft EU regulation would not protect Cerrado and Gran Chaco savannah and grassland. The rules apply only to land meeting the FAO forest definition.
The EU is cited as the world's third-largest importer of commodities linked to tropical deforestation.
If the EU widens the scope to cover Brazilian and Argentine savannah, soy and beef exports from those regions could face tougher checks. This would be a medium-term factor for South American soy and meal supply to Europe.
trase.earthJames RichensJun 7, 2022After 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.
After 102 past neutral policy events, Live Cattle 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.
