Loading…
Jim Everson, president of the Canola Council of Canada, testified to a parliamentary committee on competitiveness and value-added processing. He cited a goal to increase domestic canola processing by 40% to 14 million tonnes.
The testimony covered export competitiveness and sustainability plans.
Expansion of domestic crushing capacity would shift more canola into meal and oil, adding supply to canola meal markets while reducing raw seed exports, though the timeline is long-term.
openparliament.caDec 3, 2020Not enough comparable past events yet for a historical read.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
