A group of NGOs warned that the EU deforestation regulation would miss most Brazilian deforestation if it excludes processed beef, hides and the Cerrado savannah. They noted Amazon deforestation hit a 12-year high in 2020.
They urged that all cattle products be included.
Exclusion of Cerrado soy and cattle products would leave much Brazilian supply outside EU rules, keeping export demand intact, while broader coverage would raise costs for Brazilian beef and soy.
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 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.