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Chicago soybeans hit a two-week high on April 10, 2026, while soymeal jumped more than 4% after USDA confirmed a 100,000 metric ton US soymeal sale to Italy. Corn and wheat drifted lower as USDA raised global stock forecasts in its monthly report.
An unusual Italian meal purchase and firm cash markets support meal and bean prices, while larger global grain stocks cap corn and wheat.
livemint.comReutersApr 10, 2026After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
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.
Soymeal jumped over 4% after USDA confirmed a 100,000 MT sale to Italy, a direct demand/export catalyst for the large one-day move.
