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Satelligence commented on the leaked EU draft anti-deforestation law, which is due for adoption in December. The law would cover beef, palm oil, soy, wood, cocoa and coffee imports, and the consultation drew 1.2 million responses.
The pending rules could add supply-chain verification requirements for soy and palm oil entering the EU, a longer-term factor for vegetable oil and soymeal pricing.
satelligence.comArjen VrielinkSep 28, 2021After 554 past neutral policy events, SOY 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, PALMOIL 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.
