Way early to make the call but fwiw, the precious metals rout leaves me wondering. PMs led the commodity short squeeze and I've been looking for them as a possible signal for a top.
This would be a very punky, and failed, C wave but it does have the requisite 5 wave count. And because wave 3 of A was very outsized I wouldn't be surprised by a lack of proportionality.
Gold and silver have different looking charts, with silver the more ominous and silver is typically a better approximation of general commodity risk appetite.
Grains will do their own thing in this season keing on planting conditions and early weather prospects but would certainly be impacted as to degree of strenght/weakness by underlying commodity risk trends.