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Canopy's CEO said the EU's decision to again delay the EU Deforestation Regulation creates uncertainty for companies preparing supply chains. The statement calls for continued progress despite the postponement.
Further delay of the EUDR prolongs uncertainty over future compliance costs for soy, palm oil, cattle and other covered commodities, but it does not change current trade flows.
wwd.comJasmin Malik ChuaSep 3, 2019After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,570 past policy events, Palm Oil moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.5% 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.
