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The food industry has until the end of 2024 to comply with the EUDR for cocoa, coffee, soy, palm oil, beef and their derivatives, including soybean meal and oil. Industry readiness is uncertain, and companies are being urged to map their supply chains now.
Compliance costs and the need to verify deforestation-free supply could reduce EU demand for non-compliant soy and palm products, pressuring prices for those origins.
insights.figlobal.comLynda SearbyMar 5, 2024After 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.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
