The Canadian soybean yield is projected to increase marginally from 2024 to 2028, beginning at 2.96 metric tons per hectare in 2024 and rising to 3.02 by 2028. This forecast represents a steady annual growth trend, with incremental year-over-year changes. It is important to note that as of 2023, the yield stood at approximately 2.94, indicating a slight upward trajectory in yield performance.
Future trends to watch for include:
- Climate change effects, which could impact seasonal growth conditions.
- Advancements in agricultural technology potentially enhancing yield efficiency.
- Market demand shifts influenced by global economic factors.
