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Chicago soybeans settled up 0.9% at $11.75-3/4 on April 10, 2026, after hitting a two-week high. Soymeal closed up 4.5% at $331.80 per short ton following a USDA-confirmed 100,000 MT sale to Italy, its largest US soymeal purchase since at least 2019.
Corn and wheat settled lower.
Italy's large meal purchase and firm US export sales and cash bids support soymeal and soybean prices, while plentiful global grain supplies weigh on corn and wheat.
brecorder.comReutersApr 12, 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.
Reports soymeal closed up 4.5% at $331.80 on the record-sized Italy sale, the largest US soymeal purchase since 2019, directly explaining the surge.
