
Two June 2017 conferences in Europe discussed illegal logging and deforestation policy, reaffirming the EU's commitment to trade-related measures. Discussion also covered the EU FLEGT Action Plan, whose spending is now expected to exceed €1 billion, and a possible new EU action plan on wider deforestation drivers.
Tighter EU timber legality rules could affect tropical wood product exports, but the impact on feed commodity prices is indirect and minor.
After 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.