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Reuters reports that grain producers in Brazil, Paraguay and Argentina say the EU deforestation measure is a trade barrier disguised as environmental policy. They warn it will raise production costs, lift food prices and distort world trade.
South American producers' opposition signals possible trade friction that could redirect soy and meal flows away from Europe, pressuring South American prices.
reuters.comSep 26, 2023After 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.
