
A senior USDA official told reporters in Brussels that the EUDR will discourage US producers from exporting to Europe, affecting about $9 billion of annual US trade. The US delegation was lobbying EU capitals to simplify the rules before a review next month.
The official cited European livestock farmers' reliance on imported soybean feed.
If US soybean exports to the EU decline, European feed protein would be tighter and more costly, supporting soybean meal demand from alternative origins.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), 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.