Forecast: Soybeans Domestic Disappearance in Canada

The forecast for soybeans domestic disappearance in Canada shows a steady year-on-year growth from 2024 to 2028, with incremental increases of 0.01 million metric tons each year. In 2023, the actual domestic disappearance was slightly below 2.56 million metric tons. The consistent rise reflects a modest growth trend with an average compound annual growth rate (CAGR) just under 0.4% over the five-year period.

Future trends to watch for include:

  • Potential shifts in domestic consumption driven by changes in dietary preferences or policy initiatives.
  • Impact of technological advancements in agriculture on yield and supply chain efficiencies.
  • Environmental factors that could affect crop production and subsequent availability.

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