
The EU will require importers of soy, beef, coffee, palm oil and other commodities to prove their supply chains do not cause deforestation, starting at the end of December. The EU is seeking to address complaints from South American countries about the policy.
South American exporters face added traceability costs and possible trade friction, which could shift soymeal and soy oil flows and affect regional pricing.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), 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.