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The European Commission answered a parliamentary question on EU-Mercosur trade, stating the EU is the largest agri-food exporter with a EUR 70 billion surplus in 2023. It said the trade deal's sustainability chapter, including deforestation commitments, is binding and enforceable.
Enforceable deforestation terms in the EU-Mercosur deal bear on future South American soy and beef supply to Europe. The answer confirms policy direction but sets no immediate price change.
europarl.europa.euMar 3, 2025After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% over 20.
After 362 past trade events, Palm Oil moved a median +0.2% over 5 sessions (56% higher; middle half -1.0% to +1.5%), 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.
