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Fern argues Germany should reduce its reliance on deforestation-linked soy imports, noting the EU imports about 36 million tonnes of soy annually, mostly from Latin America, with 97 percent used for animal feed. Germany takes about 6.3 million tonnes of this.
It calls for revising how EU agricultural subsidies are spent.
Advocacy for reduced soy imports into Germany and the EU signals possible future demand pressure on South American soybean meal, though it is not a current policy change.
fern.orgNicole PolstererJan 17, 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 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
