Canada's soybean production is forecasted to increase steadily from 2024 to 2028, starting at 8.14 million metric tons in 2024 and reaching 8.59 million metric tons by 2028. The projected consistent annual growth of around 1.5% indicates a stable expansion in production capabilities. The year-on-year growth rate reflects moderate yet dependable increases, which underscore the sector's resilience and potential.
Future trends to watch for include evolving global demand for plant-based proteins, shifts in international trade policies affecting agricultural exports, and climate change impacts on crop yields. These factors will be critical in shaping Canada's soybean production outlook over the next decade.
