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A presentation by the European Commission's environment directorate indicated the EU may introduce a new regulation to minimise deforestation risk in imported products including soy, palm oil, beef and cocoa. The proposal could affect existing timber and FLEGT licensing instruments.
A possible EU regulation covering soy and palm oil adds uncertainty to import demand and could raise compliance costs for feed ingredient exporters.
lsscourse.comLSSC webmasterJun 11, 2021After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
