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Fern published research on the EU's deforestation footprint, estimating that agricultural expansion drives 70% of global deforestation. The report synthesises ten reports and recommends an EU Action Plan to address the drivers of deforestation.
This is advocacy research without new policy, so it has little immediate price impact. It does signal continued pressure on commodities linked to deforestation, including soy and palm oil.
fern.orgJan 1, 2018After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
