Loading…
The European Parliament formally requested that the Commission restrict imports of Brazilian soybeans through mandatory certification proving they do not cause deforestation. MEP Delara Burckhardt said voluntary measures had failed.
European grain, feed and oilseed trade groups back forest protection but oppose this specific approach.
Brazil supplies a large share of EU soybean and soymeal imports, so a certification requirement could cut EU demand for Brazilian beans and push prices lower. The request is not yet law, which limits the near-term impact.
en.boerenbusiness.nlKimberly BakkerNov 9, 2020After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
