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IEEP argues that the European Green Deal is effectively foreign policy and calls for a more holistic diplomatic approach to its external impacts. It points to the US return to the Paris Agreement and postponed COP meetings as near-term opportunities.
Green Deal external measures could eventually affect trade in deforestation-linked commodities such as soy and palm oil. The article describes policy direction rather than a concrete price change.
ieep.euFeb 22, 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.
