
EcoVadis discusses the COP26 outcome and the November 2021 commitment to end deforestation by 2030. It notes that the EU deforestation proposal is a tangible step on a major climate driver.
Deforestation rules targeting EU imports of soy, palm oil and cattle products add regulatory risk for commodity flows, though this commentary adds no new supply or price event.
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.
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.