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The Guardian explains corporate zero-deforestation pledges. It cites Forest Trends data showing that as of March 2017, 447 companies had made 760 commitments covering palm oil, soy, timber, pulp and cattle supply chains.
Corporate pledges to exclude deforestation could tighten sourcing of palm oil, soy and cattle products over time. The effect on prices is gradual and mostly affects premium or certified supply.
theguardian.comTess RileySep 29, 2017After 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.
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.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
