# Soybeans Surge with Meal, Corn Falls: Cattle Make New Highs - AgWeb

> 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.

- Date: 2026-04-10 · published 2026-04-10T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/11665-soybeans-surge-with-meal-corn-falls-cattle-make-new-highs-agweb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Meal strength and hopes of Chinese buying support soybean prices, though analysts doubt the summit will bring large near-term purchases.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bearish ▼
- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2026-04-09 | 1 | +3.5% | 3.2 | Confirms meal led the soy complex higher as short-meal spreads were unwound, with Chinese buying expectations adding support. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +1.6% | +6.8% |
| SOY | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +4.4% | +4.6% |
| SOY | 2026-07-01 | [Soybeans Rally as China Finally Buys, Will They Buy Corn? Cattle Surge on Higher Cash, Cutouts](https://feedsoft.ai/events/18826-soybeans-rally-as-china-finally-buys-will-they-buy-corn-cattle-surge-on-higher.md) | +7.0% | +5.5% |
| SOY | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +1.7% | +0.0% |
| 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% |
| SBM | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +2.4% | +13.0% |
| SBM | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +7.0% | +7.2% |
| SBM | 2026-03-30 | [Seafood Media Group - Worldnews - Feed Costs Surge as Soybean Meal and Fishmeal Prices Hit New Highs](https://feedsoft.ai/events/12865-seafood-media-group-worldnews-feed-costs-surge-as-soybean-meal-and-fishmeal.md) | -0.8% | +4.9% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/soybeans-surge-meal-corn-falls-cattle-make-new-highs-friday

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