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The French government published a national strategy to end "embodied deforestation" from its imports of soy, palm oil, beef, cocoa and wood by 2030. It also calls for an EU-wide deforestation policy by mid-2019.
EU rules on deforestation-linked imports could eventually restrict or add compliance costs for soy and palm oil flows into Europe. For feed buyers, the near-term price effect is small because no binding measure exists yet.
fern.orgNov 14, 2018After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
