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IDH, AproSoja, ABIOVE, FEDIOL and FEFAC signed a memorandum of understanding to align actions toward responsible soy production in Brazil and trade in Europe. The parties back the Brazilian Forest Code and reference Mato Grosso targets to cut deforestation by 90 percent in the Amazon by 2030.
The agreement is a voluntary framework that is unlikely to change near-term soybean or meal flows, so its price impact is minimal.
idh.orgJan 19, 2017After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
