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German environmental group DUH called for tougher EU legislation against imported deforestation linked to soy from South America. It noted that only 22 percent of soy feed used in Germany is demonstrably deforestation-free.
Pressure for deforestation-free soy could raise compliance costs and favor certified supply for European feed buyers. Price effects are indirect and depend on future legislation.
cleanenergywire.orgEdgar MezaJul 6, 2021After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
