diff --git a/soundlib/Load_it.cpp b/soundlib/Load_it.cpp
index d1dfb54e8c..bb301fda62 100644
--- a/soundlib/Load_it.cpp
+++ b/soundlib/Load_it.cpp
@@ -1130,11 +1130,6 @@ bool CSoundFile::ReadIT(FileReader &file, ModLoadingFlags loadFlags)
 			{
 				const auto [command, param] = patternData.ReadArray<uint8, 2>();
 				S3MConvert(m, command, param, true);
-				// In some IT-compatible trackers, it is possible to input a parameter without a command.
-				// In this case, we still need to update the last value memory. OpenMPT didn't do this until v1.25.01.07.
-				// Example: ckbounce.it
-				lastValue[ch].command = m.command;
-				lastValue[ch].param = m.param;
 
 				// IT 1.xx does not support high offset command
 				if(m.command == CMD_S3MCMDEX && (m.param & 0xF0) == 0xA0 && fileHeader.cmwt < 0x0200)
@@ -1143,6 +1138,13 @@ bool CSoundFile::ReadIT(FileReader &file, ModLoadingFlags loadFlags)
 				// (fixed in https://github.com/schismtracker/schismtracker/commit/ab5517d4730d4c717f7ebffb401445679bd30888 - one of the last versions to identify as v0.50)
 				if(m.command == CMD_GLOBALVOLUME && m.param > 0x80 && fileHeader.cwtv >= 0x1000 && fileHeader.cwtv <= 0x1050)
 					m.param = 0x80;
+
+				// In some IT-compatible trackers, it is possible to input a parameter without a command.
+				// In this case, we still need to update the last value memory (so that we don't reuse a previous non-empty effect).
+				// OpenMPT didn't do this until v1.25.01.07.
+				// Example: ckbounce.it
+				lastValue[ch].command = m.command;
+				lastValue[ch].param = m.param;
 			}
 		}
 	}