Soybean prices also stuck in a mostly sideways range over the last couple of weeks.

The long term is still an uptrend but given the fact that we are near the contract highs and actually not too far from all-time highs has the market participants very cautious at this time as they wait for new development regarding the Russia war on Ukraine.

Will supplies be readily available from this region come spring and summer or is this war something that could go on for an extended period causing additional losses and lack of availability from the Black Sea region?