Euronews reports that the European Commission said on September 24, 2024 that it remains focused on implementing the EUDR from January 2025, despite calls from the US, Brazil and Germany's chancellor to delay. The Commission says it is consulting third-country partners on preparations.
Pressure to delay versus a firm Commission timeline leaves the timing of EU compliance demand for palm oil and soy uncertain, which keeps some price risk in those markets.
After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 554 past neutral policy events, SOY 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.