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FoodNavigator's running EUDR tracker reports that suppliers and manufacturers of the seven covered commodities are preparing for the deadline amid broad opposition from suppliers and some governments. It also notes that the rules have faced repeated challenges and delays.
Industry opposition and possible further delays add uncertainty to EU demand for soy, palm oil and cattle products, and that uncertainty can move prices.
foodnavigator.comDonna EastlakeSep 4, 2024After 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.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
