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Twenty-three consumer goods companies, including Marks & Spencer, Unilever and Delhaize, committed to halting deforestation and native vegetation loss linked to soy in Brazil's Cerrado. NGOs question how signatories will deliver, noting only six percent of surveyed manufacturers could trace sourced soy to the farm.
Traceability and deforestation commitments could gradually shape which Brazilian soy meal enters premium European supply chains, a modest long-run factor for soybean meal pricing and origin premiums.
fern.orgNov 1, 2017After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
