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POLITICO reports the European Commission is discussing labeling products by deforestation risk as a response to Amazon fires. Options under consideration also include due diligence schemes and revamped market designs, and talks remain at an early stage.
Any future EU deforestation labeling or due diligence rules could raise compliance costs for soy and palm oil imports, but no legislation exists yet, so the price effect is distant.
politico.euArthur NeslenOct 29, 2019After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
