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The Council of the EU and European Parliament reached a provisional agreement on the land use, land-use change and forestry (LULUCF) regulation for 2021-2030. EU ambassadors are to endorse the deal on 20 December 2017.
The LULUCF framework sets how forest and land emissions count toward EU climate targets, which is a long-run policy signal with no direct near-term effect on feed or oilseed prices.
consilium.europa.euDec 14, 2017After 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.
