In 2023, the average yield of soybeans in Canada was at 2.94 thousand kilograms per hectare. The forecast for the period from 2024 to 2028 shows a gradual increase in yield, starting at 2.94 and rising to 2.99. This represents a modest year-on-year growth of approximately 0.34% annually over five years. The consistent, albeit slow, upward trend suggests stable conditions in the agricultural sector.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, and the potential for market disruptions through trade policy or global demand shifts, which could influence the projections significantly.
