# First Thing Today | Soybean meal rallies overnight - Pro Farmer

> 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.

- Date: 2026-04-10 · published 2026-04-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11666-first-thing-today-soybean-meal-rallies-overnight-pro-farmer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Spread unwinding supports meal prices, while crude strength supports soyoil and the wider energy complex that affects biofuel demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- WTI: 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 | Overnight meal strength from spread unwinding set up the rally to a two-week high. |

## Sources

- profarmer.com: https://www.profarmer.com/news/first-thing-today/first-thing-today-soybean-meal-rallies-overnight

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