At a Glance

Canadian Soybean Industry

MMT = Million Metric Tonnes, MT = Metric Tonnes
Source: Statistics Canada, 2020; Canadian Oilseed Processors Association, 2020
Analytics; Soy Canada calculations, 2020
Updated: January 2021
PRODUCTION
Producers31,520 (number of farms reporting soybeans in 2016 Census)
Seeded Area2.05 million hectares (2020)
Typically fourth largest among principal field crops
Current Production6.36 MMT (2020)
Growth42% increase in production (2011-2020)
Distribution of Production Among Provinces (2020)Ontario: 61.47% of total production
Quebec: 18.24% of total production
Manitoba: 18.29% of total production
Maritimes: 0.88% of total production
Average Yield45.9 bushels/acres (2020)
Farm Cash ReceiptsCDN$ 2.52 billion (2019)
Typically third largest among principal field crops
PROCESSING
Crushings1.8 MMT (2020 calendar year)
Oil Produced318,788 MT (2020)
Meal Produced1.365 MMT (2020)
EXPORTS
Total Volume 4.4 MMT (2020)
50-70% of production exported annually
Meal301,698 MT (2019)
Oil166,678MT (2019)
ValueCDN$ 2.6 billion (2020)
TOP 5 MARKETS (2020) Percentage of volume of total exports
IranCDN$ 406 million / 779,982 MT17.6%
ChinaCDN$ 275 million / 448,011 MT 10.1%
JapanCDN$ 264 million / 316,618 MT 7.2%
ItalyCDN$ 163 million / 303,747 MT 6.9%
BangladeshCDN$ 159 million / 297,746 MT6.7%
IMPORTS (2019)
Soybeans600,439 MT/year
Meal979,204 MT/year
Oil21,860 MT/year