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A Steptoe & Johnson report compares new deforestation import rules in the US, EU and UK, all of which restrict commodities produced on deforested land. The EU rule covers oil palm, soy, cattle, cocoa, coffee and wood, while the US Forest Act adds rubber and wood pulp.
Parallel US, EU and UK restrictions on soy and palm oil could fragment market access and redirect trade flows, a longer-term factor for oilseed and meal demand.
europeansttc.comJoyce PenninkhofMar 29, 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 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
