◂ Event Timeline

Aug 22, 2017POLICYBrazil

Unlocking private sector potential for responsible beef and soy production.

Proforest describes its support for the Collaboration for Forests and Agriculture, which helps companies make deforestation-free beef and soy commitments in the Amazon, Cerrado and Gran Chaco. The initiative aims to improve decision tools and financial incentives.

WHY IT MATTERS

This is a sustainability program update with no immediate effect on supply, demand or prices for soy or beef.

AFFECTSSoybeans Soybean Meal Palm Oil

SOURCE
proforest.netAug 22, 2017

Price reaction & history

Soybeansno directional readSO FAR1d +0.1%5d +0.3%20d +3.5%

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.

Jul 11, 2024Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture-3.9%
Feb 8, 2017RTRS implements world´s first zero deforestation standard for soy production – RTRS+0.2%
Aug 12, 2019Stepping up EU Action to Protect and Restore the World’s Forests. – FarmEurope-0.7%
Jun 8, 2017No, palm oil is not responsible for 40% of global deforestation+0.1%
Jul 2, 2020Stepping up EU action to protect and restore the world's forests | European Committee of the Regions+0.5%

Soybean Mealno directional readSO FAR1d -0.2%5d -0.1%20d +3.1%

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.

Jan 16, 2017Can a deforestation driver become a forest protector? | Water, Land and Ecosystems+3.3%
Feb 19, 2021Seven steps to curb deforestation and enhance forest protection: Looking beyond EU-only solutions-0.7%
Aug 12, 2019Stepping up EU Action to Protect and Restore the World’s Forests. – FarmEurope-0.6%
Feb 8, 2017RTRS implements world´s first zero deforestation standard for soy production – RTRS+1.1%
Mar 19, 2022Broad agro-industrial rejection of increased retention of soy by-products and the creation of the Wheat Fund - Infobae+1.4%

Palm Oilno directional readSO FAR1d +0.4%5d +0.5%20d +6.9%

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.

Jul 11, 2023Voluntary standards and addressing deforestation risk - Centre for Responsible Business+1.3%
Jan 16, 2017Can a deforestation driver become a forest protector? | Water, Land and Ecosystems0.0%
Aug 12, 2019Stepping up EU Action to Protect and Restore the World’s Forests. – FarmEurope+0.4%
May 18, 2022Joint Statement of Palm Oil Sector Organisations on the Proposal for a Regulation on Deforestation-free Products - Caobisco+2.0%
Jun 8, 2017No, palm oil is not responsible for 40% of global deforestation+0.0%

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.

Soybeans SOY · GP ▸

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Soybean Meal SBM · GP ▸

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