Drawing out links between the Common Agricultural Policy, soy, and deforestation in South America

After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.

• May 2, 2017FiBL - Report on the EU Common Agricultural Policy and deforestation-1.5%
• Mar 13, 2024EU attempts to smooth South American complaints over deforestation policy-0.7%
• Apr 21, 2017Parliament resolves to tackle EU’s role in driving illegal deforestation through imports of agro-commodities | Earthsight+0.8%
• Aug 1, 2025Argentina Announced a Permanent Reduction in Export Taxes; and more news about Latin American agriculture+3.3%
• Dec 11, 2019SunSirs: Agriculture: Eye-Catching Performance of Palm Oil and Soybean Oil in the Fourth Quarter Thanks to Good News Supporting+1.8%

After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• May 2, 2017FiBL - Report on the EU Common Agricultural Policy and deforestation-0.3%
• Mar 13, 2024EU attempts to smooth South American complaints over deforestation policy+0.3%
• Jun 26, 2018Government regulation is the missing ingredient in efforts to end deforestation driven by agriculture (commentary)-3.0%
• Oct 1, 2024Trade Policy Shifts and Their Potential Implications for U.S. Agricultural Exports-2.2%
• Oct 29, 2019Proposal for deforestation labeling catches fire at the Commission – POLITICO+0.5%