Loading…
Campaign groups handed the European Commission 1,193,652 submissions to its public consultation on deforestation, calling for a strong EU law. The total makes it the largest public consultation on environmental issues in EU history.
Strong public pressure raises the likelihood of binding EU rules that could restrict deforestation-linked commodities such as soy and palm oil. Any law would be months or years away, so near-term price impact is limited.
bothends.orgDec 14, 2020After 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 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
