
The German Bundestag passed a law implementing the EU Deforestation Regulation. Companies trading cocoa, coffee, palm oil, soy, rubber, wood or cattle must show that their raw materials did not come from land deforested after December 31, 2020.
Violations can bring prison sentences and fines of up to 4% of EU-wide annual turnover.
Compliance costs and due-diligence requirements may tighten supply of traceable soy and palm oil into Germany and the EU, which could support prices for certified material over non-compliant volumes.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.