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The European Parliament backed a due diligence regulation to end imported deforestation in a January 2020 resolution on the European Green Deal. Parliamentary reports on an EU legal framework are scheduled for committee and plenary votes later in 2020.
Major political groups broadly support the approach.
A binding EU due diligence law would raise traceability requirements for soy and palm oil imports, potentially tightening compliant supply. The next steps are still long, so near-term price effects are minimal.
fern.orgFeb 13, 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.
