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A Reuters report says major importers including China, India, European countries and the United States have not put in place strong commitments to reduce deforestation linked to soy, palm oil, timber and cattle products. The excerpt is brief.
Pressure on importers to adopt deforestation commitments could eventually reshape sourcing of soy and palm oil. The near-term price effect is small.
reuters.comMegan RowlingDec 5, 2016After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
