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Trase analysis found about 17,500 km² of Brazil's Cerrado was cleared in 11 years for soy plantations, with China taking 59% of Cerrado exports in 2017 and the EU 17%. The study links soy trade from the Cerrado to significant carbon emissions.
Growing deforestation scrutiny of Cerrado soy could pressure buyers and exporters over time, but the report does not change current supply or demand. Its market effect is minimal.
sei.orgDec 13, 2018After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
