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Soybean meal was the overnight standout on April 10, 2026, rising $5.50 to a two-week high as spreaders unwound long soyoil, short meal positions. Corn and wheat were lower with winter wheat near five-week lows.
WTI crude traded near $98 a barrel amid Middle East ceasefire talks and Strait of Hormuz tensions.
Spread unwinding supports meal prices, while crude strength supports soyoil and the wider energy complex that affects biofuel demand.
profarmer.comJim WyckoffApr 10, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Overnight meal strength from spread unwinding set up the rally to a two-week high.
