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Large companies trading seven key commodities and their derivatives in the EU must comply with the EUDR from 30 December 2024, proving the goods do not come from recently deforested areas. The regulation requires extensive supply chain due diligence, and local customs authorities are already reminding companies of their obligations.
Extensive due diligence requirements raise compliance costs for traders of soy and palm products bound for the EU, which may weigh on EU import demand and prices for these commodities.
pwc.comPricewaterhouseCoopersApr 1, 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 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.
