Could be a bottom in corn
but it'll take some more price action to confirm.
On the positive side, the most stubborn- and very deep pocketed- guy I know blew out of his long positions on Monday night. That's usually a good sign. I think he bought early enough that he still had a little profit.
It hasn't been fun watching $30K of my "profits" evaporate but I'm relatively sanguine- it has pretty well followed the '93 and '95 roadmaps.