
FiBL released a report, commissioned by Fern, analyzing how current CAP measures may drive deforestation abroad through feed imports. It finds that a reformed CAP dropping certain payments could lower livestock production and corresponding soy feed imports.
The report suggests future CAP reform could reduce EU demand for imported soybean meal over the longer term, but the changes are hypothetical and not yet enacted.
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.
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.
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.