Soybean Farming in Canada
The Soybean Farming industry in Canada has performed strongly over the five years to 2019. Overall, the global price of soybeans has declined with global supply increasing and supply gluts in the United States resulting from trade tensions with China putting downward pressure on prices. Global demand for Canadian soybeans has been high in recent years. A weak Canadian dollar for much of the period made domestic products relatively inexpensive to foreign buyers, which stimulated industry export growth. Over the five years to 2024, the industry will contend with several threats. Still, the future for Canadian soybean farmers remains bright.
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.
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