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A report from research groups tracking the New York Declaration on Forests found 108 companies made 212 new forest commitments since December 2015. It says progress on implementation is mixed across palm oil, wood, cattle and soy.
Mixed implementation of deforestation pledges suggests gradual rather than abrupt changes in palm oil and soy sourcing, so the price impact is limited.
sustainablebrands.comHannah FurlongNov 3, 2016After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), 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.
