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The Ecologist reports that Amazon deforestation rose 64% in April year on year, while Brazil's government faces turmoil over its Covid-19 response. Europe is increasingly pressing to act against environmental crimes linked to Brazil's government, and Indigenous groups are calling on the EU to act.
Rising Amazon deforestation and mounting EU pressure raise the risk of tighter trade rules on Brazilian agricultural exports, which could eventually affect soy and beef supply to Europe.
pressenza.comThe EcologistMay 31, 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.
