Corn, Soybeans Rebound Back Inside Trading Ranges

The forceful sell-off of both corn and soybeans yesterday suggested the possibility of a bearish break-out. However, today, both have rebounded higher to within the recent tight trading ranges for each. On the left chart here for each of them, we are seeing the very tight trading ranges of recent days, and on the right side, we are seeing today's rebound. Despite both being trapped within a very tight trading range with very low volatility for the past several weeks, the CME hasn't lowered the limit amounts, although they have lowered margin requirements within the past few days.

Wheat prices have also rebounded today, but unlike corn and soybeans, wheat still remains in a downtrend.

Corn - prices still appear a little soft
Soybeans