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FarmEurope argues that renewed attention on Amazon forest fires, with INPE reporting over 80 percent more fires than a year earlier, should prompt the EU to address deforestation embedded in its imports of agri-food products. The blog cites August 2019 clearing at the highest level in five years.
Heightened pressure on Brazilian soy and beef supply chains could lead to tighter EU import rules, which over time could shift demand and premiums between Brazilian and other origins.
farm-europe.euFarm EuropeSep 13, 2019After 1,905 past policy events, SOY 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, SBM 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, PALMOIL 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.
