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Global Canopy and WWF released a Soy Traders Scorecard finding that 22 major soy traders are not adequately ensuring their soy is free of deforestation links. The report notes that over 8 million hectares of native vegetation have been cleared for soy since 2001 and that a few traders dominate global trade.
Pressure on the largest soy traders to improve traceability could alter sourcing flows from Brazil and Argentina and raise compliance costs for soymeal buyers. The report does not itself shift near-term soybean prices.
globalcanopy.orgMay 19, 2021After 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 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
