The USDA/FAS attaché in Lagos says that Nigerian soybean production and consumption is back on the rise. Soybean consumption will rise 38 percent in 2021/22 and production is up 43 percent compared to the estimate for 2020/21. Based on historical demand, this likely means that the country’s poultry production is also rising again after both it and soybean production stalled out in 2019/20. Nigeria has been underperforming in agriculture for several years despite many efforts to formalize its poultry production in lieu of the traditional bush meat (pangolin, crocodile, grass cutters) that is consumed. Not only will poultry production improve the diet of the average Nigerian, but it will also preserve wildlife and help red...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.