# Soy traders failing to stop deforestation, new scorecard shows – Global Canopy

> 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.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/47109-soy-traders-failing-to-stop-deforestation-new-scorecard-shows-global-canopy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-04 | [New EU rules to remove deforestation from supply chains – Global Canopy](https://feedsoft.ai/events/53149-new-eu-rules-to-remove-deforestation-from-supply-chains-global-canopy.md) | +0.2% | -0.8% |
| SOY | 2020-06-02 | [EU soy imports linked to illegal deforestation in Brazil – Global Canopy](https://feedsoft.ai/events/52639-eu-soy-imports-linked-to-illegal-deforestation-in-brazil-global-canopy.md) | +2.9% | +3.1% |
| SOY | 2019-02-28 | [Stepping up EU action on deforestation and forest degradation – Global Canopy](https://feedsoft.ai/events/60626-stepping-up-eu-action-on-deforestation-and-forest-degradation-global-canopy.md) | -1.5% | -1.8% |
| SOY | 2022-03-21 | [Strengthening the EU regulation on deforestation-free products – Global Canopy](https://feedsoft.ai/events/42305-strengthening-the-eu-regulation-on-deforestation-free-products-global-canopy.md) | +2.5% | +2.8% |
| SOY | 2020-10-01 | [Binding legislation needed to stop EU-driven global deforestation, say MEPs \| News \| European Parliament](https://feedsoft.ai/events/50657-binding-legislation-needed-to-stop-eu-driven-global-deforestation-say-meps-news.md) | +2.7% | +3.3% |
| SBM | 2020-06-02 | [EU soy imports linked to illegal deforestation in Brazil – Global Canopy](https://feedsoft.ai/events/52639-eu-soy-imports-linked-to-illegal-deforestation-in-brazil-global-canopy.md) | +1.9% | -0.9% |
| SBM | 2022-03-21 | [Strengthening the EU regulation on deforestation-free products – Global Canopy](https://feedsoft.ai/events/42305-strengthening-the-eu-regulation-on-deforestation-free-products-global-canopy.md) | +1.4% | -3.3% |
| SBM | 2023-08-22 | [EU Adopts New Regulation To Reduce Global Deforestation](https://feedsoft.ai/events/34614-eu-adopts-new-regulation-to-reduce-global-deforestation.md) | +3.5% | -4.2% |

## Sources

- globalcanopy.org: https://globalcanopy.org/insights/insight/soy-traders-failing-to-stop-deforestation-new-scorecard-shows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.