At a Glance

Canadian Soybean Industry

MMT = Million Metric Tonnes, MT = Metric Tonnes
Source: Statistics Canada, 2022; Canadian Oilseed Processors Association, 2022
Analytics; Soy Canada calculations, 2022
Updated: May 2022
PRODUCTION
Producers29,626 (number of farms reporting soybeans in 2021 Census)
Seeded Area5.32 million acres (2021)
Typically fourth largest among principal field crops
Current Production6.27 MMT (2021)
Growth40% increase in production (2011-2021)
Distribution of Production Among Provinces (2021)Ontario: 65% of total production
Quebec: 18% of total production
Manitoba: 15% of total production
Maritimes: 1% of total production
Average Yield38.2 bushels/acres (2021)
Farm Cash ReceiptsCDN$ 2.94 billion (2021)
Typically third largest among principal field crops
PROCESSING
Crushings1.65 MMT (2021)
Oil Produced308,000 MT (2021)
Meal Produced1.28 MMT (2021)
EXPORTS
Total Volume 4.4 MMT (2021)
50-70% of production exported annually
Meal319,000 MT (2021)
Oil152,000 MT (2021)
ValueCDN$ 3.0 billion (2021)
TOP 5 MARKETS (2021) Percentage of volume of total exports
ChinaCDN$ 431 million / 583,000 MT13.7%
IranCDN$ 393 million / 598,000 MT 13.3%
IndonesiaCDN$ 201 million / 307,000 MT 7.0%
AlgeriaCDN$ 172 million / 282,000 MT 6.4%
BangladeshCDN$ 163 million / 261,000 MT6.0%
IMPORTS (2021)
Soybeans506,000 MT/year
Meal1,198 MMT/year
Oil36,000 MT/year