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ClientEarth's newsletter covers European Commission activity on the EU Timber Regulation (EUTR), including its 2019 overview and the 2017-2019 biennial report. It also notes a European Parliament resolution from October 2020 calling for an EU legal framework to halt EU-driven global deforestation.
Stronger enforcement of EU timber and deforestation rules could tighten market access for forest-linked imports. The direct effect on feed commodity prices is small.
clientearth.orgDec 10, 2020After 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.
