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The European Commission published a Communication on stepping up EU action against deforestation on 23 July 2019. Both ENDS welcomed it as a step forward but criticized it for lacking binding measures or a rights-based supply chain approach.
The EU is a major importer of soy, palm oil, beef, coffee and cacao linked to deforestation.
Possible future EU regulation of commodity supply chains could eventually restrict imports of soy, palm oil and beef, but no binding measures exist yet, so the near-term price impact is limited.
bothends.orgAug 2, 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.
