ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-25 07:08 CT

Price Action

Last: 648.25,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: -1%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: 6%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 48%
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 679.50,
4. Pvt. Next: Pvt Low 638.50,
5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 868.25,
6. Levels S: 631.50, 605.25, 575.75, 572.25, 530.25.

Daily Benchmarks

(Short-Term) 5 Day: 655.00 Down Trend,
(Short-Term) 10 Day: 654.00 Down Trend,
(Intermediate-Term) 20 Day: 633.50 Up Trend,
(Intermediate-Term) 55 Day: 618.50 Up Trend,
(Long-Term) 100 Day: 585.00 Up Trend,
(Long-Term) 200 Day: 564.00 Up Trend.

Additional Metrics

ATR: 83.50,
VOLMA: 77996.

Recent Trade Signals

21 May 2026: Short ZW 07-26 @ 652.5 Signals.USAR.TR120
18 May 2026: Long ZW 07-26 @ 657.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Wheat remains in a broader uptrend structure, with price still well above the 20, 55, 100, and 200 day benchmarks, keeping the intermediate and long-term tone constructive. The short-term picture is more mixed: price is below the weekly fib bias, the 5 and 10 day benchmarks are below spot, and the most recent pivot sequence shows a pullback from the 679.50 swing high toward the 638.50 next pivot area. That places the market in a retracement phase rather than a clean breakout continuation. The recent sequence of strong rally legs, sharp pullbacks, and rapid recoveries shows a volatile swing environment with active rotation between monthly fib zones, while the current daily price is sitting between the upper monthly structure and nearby pivot support, consistent with consolidation after an impulsive advance.