
An EY notice promotes a 23 February 2024 webcast on building an EUDR compliance readiness plan. It states that due diligence statements verifying deforestation-free and legal status become required by 30 December 2024 for products including cattle, cocoa, coffee, palm oil, soybeans, rubber and wood.
Businesses are advised to assess operational, trade, legal and cost impacts now.
Upcoming due diligence deadlines may push importers to restrict or re-route soy, palm oil and cattle-linked supplies, adding a compliance premium for EU-bound feed ingredients.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.