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FoodNavigator reviews criticism that EU due diligence legislation may cause unintended supply chain effects. It notes the European Parliament voted in September to require verification that cattle, poultry, soy, maize, palm oil and other products were not linked to deforestation.
Verification requirements on soy, maize and poultry could raise compliance costs for EU feed importers and shift trade flows, a modest factor for feed ingredient prices.
foodnavigator.comFlora SoutheyOct 7, 2022After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), 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.
