At a Glance

Canadian Soybean Industry

MMT = Million Metric Tonnes, MT = Metric Tonnes
Source: Statistics Canada, 2023; Canadian Oilseed Processors Association, 2023
Analytics; Soy Canada calculations, 2023
Updated: February 2023
PRODUCTION
Producers29,626 (number of farms reporting soybeans in 2021 Census)
Seeded Area5.27 million acres (2022)
Typically fourth largest among principal field crops
Current Production6.54 MMT (2022)
Growth26% increase in production (2012-2022)
Distribution of Production Among Provinces (2022)Ontario: 58% of total production
Quebec: 18% of total production
Manitoba: 22% of total production
Maritimes: 1% of total production
Average Yield45.9 bushels/acres (2022)
Farm Cash ReceiptsCDN$ 2.94 billion (2021)
Typically third largest among principal field crops
PROCESSING
Crushings1.87 MMT (2022)
Oil Produced349,000 MT (2022)
Meal Produced1.45 MMT (2022)
EXPORTS
Total Volume 4.3 MMT (2022)
50-70% of production exported annually
Meal353,000 MT (2022)
Oil127,000 MT (2022)
ValueCDN$ 4.1 billion (2022)
TOP 5 MARKETS (2022) Percentage of volume of total exports
ChinaCDN$ 885 million / 1.1 MMT26.1%
IranCDN$ 350 million / 477,000 MT 11.1%
ItalyCDN$ 326 million / 434,000 MT 10.1%
JapanCDN$ 351 million / 357,000 MT8.3%
AlgeriaCDN$ 207 million / 278,000 MT 6.5%
IMPORTS (2022)
Soybeans539,000 MT/year
Meal1.2 MMT/year
Oil83,000 MT/year