Processor says Prairie soybean seedings could soon hit four million acres

CNSC / Soybean acreage in Western Canada could quadruple over the next four to five years, and surpass the four-million-acre mark, according to the president of Manitoba soybean processor Delmar Commodities.

Soybean production in Manitoba has grown steadily over the past decade, with acreage in 2013 forecast in the 1.0 million to 1.2 million range, Dale Heide said at the recent Wild Oats Grainworld conference.

Saskatchewan is also seeing rapid growth, with last year’s 60,000 acres expected to rise by 50 per cent this year.

While the Prairies remain a small player in the global soybean picture, Heide said improving varieties could bring the total area in the region up to four million acres within the next few years. “Soybeans make good money at the prices we have today,” he noted.

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Phil Franz-Warkentin - MarketsFarm

Phil Franz-Warkentin writes for MarketsFarm specializing in grain and commodity market reporting.

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