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Fern reacted to a European Commission feasibility study published March 16 that sets out a path to end EU-driven agricultural deforestation linked to soy, palm oil and cocoa. Fern called on the Commission to act on the findings.
The study signals possible future EU import rules on soy and palm oil, which could eventually affect feed protein and oil supply chains. Near-term price impact is limited because no measures are in place.
fern.orgMar 19, 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 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.
