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Brazilian soy trade groups ABIOVE and APROSOJA say their members are preparing for the EU Deforestation Regulation (EUDR). The EU is Brazil's second-largest soy and derivative market after China, at 14% of exports in 2022.
EUDR compliance requirements from December 30 could segregate or delay Brazilian soy and meal flows to Europe, adding cost and potentially widening premiums for compliant origin.
foodnavigator.comJane ByrneJul 15, 2024After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
