ZS Soybean Futures Weekly Chart Analysis: 2026-May-08 07:09 CT

Price Action

Last: 1194.50,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: -30%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -11%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 29%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt Low 1158.00,
4. Pvt. Next: Pvt High 1235.25,
5. Levels R: 1561.25, 1533.50, 1480.50, 1312.00, 1254.25,
6. Levels S: 1158.00, 1068.50, 1053.00, 1040.50, 1034.50, 1029.25.

Weekly Benchmarks

(Short-Term) 5 Day: 1187.00 Down Trend,
(Short-Term) 10 Day: 1193.00 Down Trend,
(Intermediate-Term) 20 Day: 1152.75 Up Trend,
(Intermediate-Term) 55 Day: 1141.50 Up Trend,
(Long-Term) 100 Day: 1119.25 Up Trend,
(Long-Term) 200 Day: 1244.25 Down Trend.

Recent Trade Signals

07 May 2026: Short ZS 07-26 @ 1191 Signals.USAR-MSFG
06 May 2026: Short ZS 07-26 @ 1198.5 Signals.USAR-WSFG

Overall Rating

Short-Term: Bearish,
Intermediate-Term: Bearish,
Long-Term: Neutral.

Key Insights Summary

Soybean futures are trading in a mixed but still predominantly soft weekly structure, with price under the weekly and monthly fib grid midpoint and the short-term pivot trend pointing down. The recent swing sequence shows failed rallies and lower highs after the spring peak, while the move back above the 20-day and 55-day benchmarks keeps the intermediate structure from being fully broken. The yearly fib grid remains constructive above the 2026 midpoint, reflecting a broader long-cycle recovery phase, but the weekly tape is still working through post-rally digestion and lower-timeframe mean reversion. Resistance clusters sit overhead from prior swing highs, while support is stacked below from the 1158 area down through the low-1040s, defining a wide range environment with choppy rotational behavior rather than clean trend acceleration.