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Soybeans, meal and cattle closed higher on April 10, 2026, while corn, wheat and hogs fell. Soybeans followed a meal rally as spreaders unwound short meal, long oil positions.
Traders held a premium on expectations of Chinese soybean purchases at a mid-May Trump-Xi meeting.
Meal strength and hopes of Chinese buying support soybean prices, though analysts doubt the summit will bring large near-term purchases.
agweb.comMichelle RookApr 10, 2026After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 78 past bullish trade events, LCATTLE moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.
Confirms meal led the soy complex higher as short-meal spreads were unwound, with Chinese buying expectations adding support.
