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An EU policy explainer says Covid-19 is delaying parts of the 2020 forest agenda, though parliamentary work continues online. Key votes on forest-related reports are scheduled from June to October, and the revised EU Forest Strategy is due in late 2020.
Timing shifts in EU deforestation legislation extend uncertainty for soy and palm oil supply chains into the second half of 2020, but no immediate price impact is indicated.
fern.orgApr 8, 2020After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
