Wheat and Soy Rebound

This chart shows a stout rebound taking place now with wheat, but soybean prices also are now rebounding near the lock limit price. I have no idea if these rebounds occur due to profit-taking by traders who have shorted, or fresh buying at lower prices. I suppose that it really doesn't matter. After a rather stagnant week of trading, it is a welcome relief today to see some forceful volatility. I suspect that this sell-off is perhaps related to a similar rout in the price of crude oil today. The Dollar has remained relatively stable. Gold moved significantly higher for the day, but has since sold of somewhat, probably suffering somewhat in sympathy to other commodities.