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Palm Oil Monitor critiques the European Commission's scientific report, which identified palm oil as the only feedstock posing a high indirect land use change risk. The author questions the report's rigour and notes its timing alongside an EU agreement to buy more US soybeans.
Scrutiny of the report's methodology could influence whether the palm oil restriction survives, which matters for palm oil demand and for soy oil's relative competitiveness.
palmoilmonitor.orgKhalil HegartyMar 13, 2019After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
