# Mr. Jim Everson at the Agriculture and Agri-Food Committee | openparliament.ca

> 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.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49616-mr-jim-everson-at-the-agriculture-and-agri-food-committee-openparliament-ca
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-03-06 | [Oil, agriculture and the environment deserve an improved Renewable Fuel Standard](https://feedsoft.ai/events/65895-oil-agriculture-and-the-environment-deserve-an-improved-renewable-fuel-standard.md) | -1.4% | +1.0% |
| SBO | 2019-02-05 | [Biofuels and Big Oil make their case on RFS before 2022 \| 2019-02-05 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/60466-biofuels-and-big-oil-make-their-case-on-rfs-before-2022-2019-02-05-agri-pulse.md) | +0.4% | -1.3% |
| SBO | 2019-07-23 | [EU Communication (2019) on stepping up EU action to protect and restore the world’s forests - European Commission](https://feedsoft.ai/events/58112-eu-communication-2019-on-stepping-up-eu-action-to-protect-and-restore-the-world.md) | +2.5% | +3.4% |
| SBO | 2021-10-15 | [The RFS and President Biden's Low-Carbon Paradox](https://feedsoft.ai/events/44395-the-rfs-and-president-biden-s-low-carbon-paradox.md) | +3.6% | -0.9% |
| SBO | 2021-12-22 | [India’s Curb on Futures Trade Threatens Food Supply Chain - The Wire](https://feedsoft.ai/events/43556-india-s-curb-on-futures-trade-threatens-food-supply-chain-the-wire.md) | +2.1% | +5.3% |

## Sources

- openparliament.ca: https://openparliament.ca/committees/agriculture/43-2/10/jim-everson-2/only/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.