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France's national strategy against embodied deforestation from imports of soy, palm oil, beef, cocoa and wood held its first steering committee meeting on 7 May 2019. Officials said international support for deforestation initiatives is weak, citing opposition from Brazil, Indonesia, Malaysia, Japan and the United States.
Calls for deforestation-linked import restrictions on soy and palm oil add long-term demand risk for those commodities, though no immediate supply change is announced.
fern.orgMay 31, 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.
