Soybeans prices may have flattened, but as long as there are strong exports to China, they should continue their upward run. If there is any delay in spring planting due to weather conditions, $15 beans and $6 corn prices will be a reality.
As soybean meal prices surge over $400/ton, exports may even pressure this market up to $500/ton. Momentum remains behind this surge and feed ingredient prices will remain strong. It might be wise to book at least 60-70% of your summer needs now.