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On February 6, 2020, the European Commission opened a public consultation, open until March 4, 2020, on an initiative to minimise deforestation and forest degradation linked to products placed on the EU market. The consultation collects views from citizens, stakeholders and trading partners.
The initiative is still at the input stage with no binding rules yet.
Future EU due diligence rules could raise compliance costs and limit access for soy and palm oil supplies from deforestation-exposed origins. The consultation itself does not change near-term supply or demand.
fas.usda.govFeb 12, 2020After 554 past neutral policy events, SOY 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, PALMOIL 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.
