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SBM's Q3 2026 Jollof Index recorded a combined N9,700 drop in chicken prices across 13 Nigerian markets between June and September. SBM attributed the drop to lower maize-based feed costs, farms reopening after 2025 closures and better day-old chick availability.
Lower maize feed costs reduce demand pressure for imported corn and soymeal used by Nigerian poultry feed mills. Improved supply of chicks points to softer local chicken prices.
econotimes.comOct 30, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
