Wheat, Soybeans Rebound into Close

Both wheat and soybeans have traded within wide ranges today. As a swing trader, this is my preferred style of trading. Soybeans hit new all-time high prices, and have just closed at another new all-time closing high price. Wheat has closed flat for the day, but also within a very profitable trading range. The two grains have recently been trading in very similar patterns, as can be observed from these two charts.

Soybeans


Wheat