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Louis Dreyfus says it is preparing to meet EUDR requirements on schedule, working with smallholder suppliers on polygon data and land titles. ADM separately said it can supply fully verified, traceable soybean meal and oil for European customers.
Major traders building traceable supply chains suggests compliant soy meal and oil will be available for Europe, limiting the price impact of the rule but adding segregation costs.
foodnavigator.comJul 10, 2024After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 196 past neutral policy events, Soybean Oil 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.
