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A study in Science finds that about 2% of properties in the Amazon and Cerrado account for 62% of potentially illegal deforestation, concentrated in areas producing soy and beef for export. The findings add to EU criticism of Brazil and calls for buyer boycotts.
Heightened buyer scrutiny over deforestation could tighten demand for Brazilian soy and beef exports and add a risk premium, though the study itself does not change current volumes.
sei.orgVivian RibeiroAug 3, 2020After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 78 past neutral report events, LCATTLE moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
