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The European Commission adopted a Delegated Act that updates the scope of the EU Deforestation Regulation, removing cattle hides, skins and leather along with several non-agricultural products. It added soluble coffee, certain palm oil derivatives and frozen cattle tongues, which will be covered from December 30, 2027.
Excluding leather, a by-product of the meat industry, reduces compliance costs for hide exporters, which can support hide values and cattle-chain economics. The added palm oil derivatives and cattle tongues widen regulated trade slightly.
wwd.comJennifer BringleSep 3, 2019After 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.
