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An FAO article reports on a High-Level Dialogue at the 25th session of the Committee on Forestry, which called for changes to food production and consumption to halt deforestation. It states that agriculture, commercial and subsistence, is responsible for over 70% of deforestation.
The emphasis on agriculture as the main deforestation driver points to future pressure on commodity supply chains such as soy and palm oil. The article sets no concrete policy or price change.
fao.orgMar 6, 2021After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
