
Both ENDS launched a campaign urging citizens to submit input to the European Commission's consultation on EU deforestation policy. The group says EU consumption accounts for about 10% of global deforestation embodied in commodities such as soy, palm oil and beef.
This is advocacy around a pending EU consultation with no immediate change in trade flows, so price impact is minimal but it signals rising pressure on forest-risk feed commodities.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.