Canada has a major goal for soybean planting by 2027: reaching 4.04 million hectares annually. The surface would be practically double the current one, with an eye on the growing Chinese demand for the oilseed, according to a report on the website Agriculture.com, which was present at the Soy Canada Symposium.
Of the two million tons of soy currently produced in the country, one million goes to China. Another 800 thousand tons remain with the United States' neighbors and only 200 thousand tons are absorbed by the domestic market.
In addition to Asian demand for grains, another reason for Canada's investment in soybeans would be the attractive offer of land for neighboring producers in the North American states of North Dakota, South Dakota, Idaho and Montana, which are also considered new agricultural frontiers. With the so-called “Race to the Cold”, Canada hopes to significantly increase its exports, the result of expansions mainly in the southwest region.
“The protein levels in our soybeans are not the same as those in the United States, but the Canadian industry aims to reach these levels. The 'Race to Cold' is highly encouraged and is crucial to achieving this goal,” said Jim Everson, executive director of Soy Canada, the local soybean growers association.
Source: Agrolink
