
Indonesia, Malaysia and Colombia, through the Council of Palm Oil Producing Countries, urged the EU to drop its RED II delegated regulation that bans palm biodiesel. The three countries supply about 95% of world palm oil and called the rule scientifically flawed.
If the EU keeps the palm biodiesel restriction, demand for palm oil in biofuel falls, which is bearish for palm oil prices and supportive for soyoil and rapeseed oil.
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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.