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3) Canadian farmers face weaker soybean yields ahead

Soybeans

Statistics Canada forecasts that Canadian soybean production will decline in 2025, reflecting weaker yields across major producing provinces. 

Nationally, output is projected to fall by 7.3% year over year to 7.0 million tonnes. 

In Manitoba, soybean production is forecast at 1.6 million tonnes, a decrease of 5.3% compared with 2024. 

The province is set to expand harvested acres by 15.6% to 1.6 million. However, this gain is overshadowed by a sharp 18.0% drop in yields, which are projected at just 36.1 bushels per acre, largely due to dry conditions. 
 

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