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Meal futures surged on April 10, 2026 as spreaders unwound soyoil-long, meal-short positions, lifting soybeans. Corn and wheat were lower on abundant supplies and drought-relief forecasts.
USDA reported a 100,000 MT soymeal sale to Italy and Malaysian palm inventories fell to a seven-month low.
Spread unwinding and the Italy sale point to firm meal demand, supporting soymeal and soybean prices while corn and wheat remain pressured by ample supply.
profarmer.comPro Farmer EditorsApr 10, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Spreaders unwinding long soyoil/short meal positions drove a meal surge, a positioning flow amplifying the move.
