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The Australian Department of Agriculture issued an industry notice to exporters of cattle, hides, timber, cocoa, coffee, palm oil, rubber, soy and wood products to the EU. It explains the proposed one-year delay to the EU Deforestation Regulation and the Commission's new guidance.
The notice is administrative and mainly informs exporters about compliance timing. It has little direct effect on prices.
agriculture.gov.auOct 8, 2024After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
