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The Amsterdam Group multi-stakeholder conference discussed deforestation-free supply chains for palm oil, soy and cocoa. Presenters described a Brazilian responsible soy program backed by an MoU between Brazilian and European industry groups, and a cocoa initiative planned for COP 23 in November 2017.
These are voluntary industry programs that shape how soy and palm oil are sourced into Europe over time, but they do not change near-term supply or prices.
idh.orgJun 26, 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.
