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Denmark's environment and food minister, as current president of the Amsterdam Declarations Partnership, sent a letter urging the EU Commission to produce an action plan on deforestation. The partnership focuses on deforestation-free palm oil, soy and cocoa supply chains.
Denmark imports about 1.4 to 1.9 million tonnes of soybean meal a year, so EU deforestation rules could eventually affect its feed sourcing. The letter is a policy signal rather than a market-moving measure.
cphpost.dkChristian WenandeNov 9, 2018After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 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.
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.
