The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2018 have been largely positive. The 2010 Renewable Fuels Regulations revived soybean farming through mandated biofuel minimums, providing a new source of industry growth. Meanwhile, the export market has expanded, and imports have increasingly met the needs of domestic soybean crushers. Furthermore, domestic ethanol production has indirectly helped the industry by diverting large quantities of corn away from the livestock feed market. The future for Canadian soybean farmers looks bright, as demand is anticipated to continue growing and renewable energy targets are expected to keep rising both domestically and internationally over the next five years.
This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop produced by this industry is being used in biofuel production.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.