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Fern welcomed the European Commission's opening to regulating EU commodity imports such as palm oil, beef, soy and cocoa to limit deforestation risk. The NGO urged the incoming Commission under Ursula von der Leyen to pass laws requiring companies to prove goods are free of deforestation.
Pressure for mandatory due-diligence rules on soy and palm oil imports could raise compliance costs for feed-grade soy and soymeal flows into Europe over time.
fern.orgJul 23, 2019After 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.
