At a Glance

Canadian Soybean Industry

MMT = Million Metric Tonnes, MT = Metric Tonnes
Source: Statistics Canada, 2018; Canadian Oilseed Processors Association, 2018; CATSNET Analytics; Soy Canada calculations, 2018
Updated: May 2018
PRODUCTION
Producers31,520 (number of farms reporting soybeans in 2016 Census)
Seeded Area2.61 million hectares (2018)(e)
Typically fourth largest among principal field crops
Current Production7.74 MMT (2017)
Growth123% increase in production (2006-2017)
Distribution of Production Among Provinces (2017)Ontario: 48.01% of total production
Quebec: 14.85% of total production
Manitoba: 29.01% of total production
Saskatchewan: 7.06% of total production
Maritimes: 1.04% of total production
Average Yield39.1 bushels/acres (2017)
Farm Cash ReceiptsCDN$ 2.7 billion (2017)
Typically third largest among principal field crops
PROCESSING
Crushings1.825 MMT (2017 calendar year)
Oil Produced340,648 MT (2017)
Meal Produced1.423 MMT (2017)
EXPORTS
Total Volume 4.96 MMT (2017)
50-70% of production exported annually
Meal205,694 MT (2017)
Oil142,866 MT (2017)
ValueCDN$ 2.98 billion (2017)
TOP 5 MARKETS (2017) Percentage of volume of total exports
ChinaCDN$ 998 million / 1,964,728 MT39.5%
U.S.CDN$ 356 million / 467,877 MT 9.4%
JapanCDN$ 260 million / 351,702 MT 7.1%
ItalyCDN$ 143 million / 302,545 MT 6.1%
SpainCDN$ 138 million / 1305,015 MT6.1%
IMPORTS (2017)
Soybeans519,882 MT/year
Meal897,862 MT/year
Oil24,476 MT/year