# Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder

> 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.

- Date: 2026-04-12 · published 2026-04-12T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2026-04-09 | 1 | +3.5% | 3.2 | 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. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-04-10 | [Soybeans hit two-week high as soymeal jumps; corn, wheat sag \| Stock Market News](https://feedsoft.ai/events/11661-soybeans-hit-two-week-high-as-soymeal-jumps-corn-wheat-sag-stock-market-news.md) | +4.4% | +2.0% |
| SBM | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +3.5% | -2.1% |
| SBM | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +2.9% | +4.6% |
| SBM | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -3.0% | -5.9% |
| SBM | 2022-08-02 | [Argentina exports $3.2 bn in farm products - Markets - Business Recorder](https://feedsoft.ai/events/14013-argentina-exports-3-2-bn-in-farm-products-markets-business-recorder.md) | +1.9% | -2.0% |
| SOY | 2026-04-10 | [Soybeans hit two-week high as soymeal jumps; corn, wheat sag \| Stock Market News](https://feedsoft.ai/events/11661-soybeans-hit-two-week-high-as-soymeal-jumps-corn-wheat-sag-stock-market-news.md) | -0.1% | +1.0% |
| SOY | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +2.1% | -8.3% |
| SOY | 2025-02-07 | [Corn, soybeans hover near multi-month highs on no-tariff relief - Markets - Business Recorder](https://feedsoft.ai/events/11097-corn-soybeans-hover-near-multi-month-highs-on-no-tariff-relief-markets-business.md) | -2.9% | -4.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40415964

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.