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The EU has adopted the EU Deforestation Regulation, which requires extensive due diligence, including plot geolocation, for cattle, cocoa, coffee, oil palm, rubber, soya and wood, and derived products. Products must be deforestation-free to be sold in or exported from the EU, and goods made before the regulation's entry into force are generally exempt, except timber.
Soy and palm oil imports into the EU face new verification costs and possible sourcing disruption, which could divert flows and widen premiums for compliant supply. Feed buyers relying on EU-bound soy meal or oil may see tighter availability and firmer prices.
whitecase.comGenevra Forwood, Clare Connellan, Sara NordinMay 19, 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 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.
