ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-14 07:09 CT

Price Action

Last: 676.25,
Bars: Large,
Mom: Fast.

WSFG Weekly

Short-Term
WSFG Current: 139%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: 46%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 59%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt High 688.25,
4. Pvt. Next: Pvt Low 611.25,
5. Levels R: 1574.75, 1211.25, 986.50, 868.25, 723.25,
6. Levels S: 575.75, 509.50.

Weekly Benchmarks

(Short-Term) 5 Day: 610.5 Up Trend,
(Short-Term) 10 Day: 612.25 Up Trend,
(Intermediate-Term) 20 Day: 579 Up Trend,
(Intermediate-Term) 55 Day: 588.5 Up Trend,
(Long-Term) 100 Day: 610.5 Up Trend,
(Long-Term) 200 Day: 749 Down Trend.

Recent Trade Signals

12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR.TR720
12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR-MSFG
11 May 2026: Long ZW 07-26 @ 628.5 Signals.USAR-WSFG

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Bullish,
Long-Term: Bullish.

Key Insights Summary

Wheat is in a broad multi-year downtrend, but the weekly structure is improving materially with price pushing back above the 20, 55, and 100 day benchmarks while the short-term pivot state remains UTrend. The latest weekly action is a strong rebound from the 2026 low zone near the 509.50 support, with price now pressing into the 680 area and approaching the prior pivot high near 688.25. Weekly, monthly, and yearly session fib grids all sit in a price-above-F0% posture, which keeps the session structure aligned to the upside. The 200-day benchmark still slopes lower and sits well above current price, so the longer backdrop remains corrective relative to the larger historical decline, even as the current swing leg shows recovery strength and a clean higher-low / higher-high sequence developing.