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FoodNavigator reports that several markets are seeking delays to the EUDR, which applies from December 30, 2024 for large companies. The US government formally asked the European Commission in May for a delay, arguing an import ban would hurt US producers, and concerns persist about impacts on farmers and SMEs.
Possible delays reduce near-term disruption risk for soy and palm oil flows into the EU, keeping feed and oilseed trade largely unchanged.
foodnavigator.comAug 27, 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.
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.
