ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-27 07:09 CT

Price Action

Last: 626.25,
Bars: Large,
Mom: Fast.

WSFG Weekly

Short-Term
WSFG Current: -27%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -24%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 40%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt Low 625.00,
4. Pvt. Next: Pvt High 669.00,
5. Levels R: 688.25, 679.50, 668.00, 641.00,
6. Levels S: 625.00, 605.25, 575.75, 572.75, 530.25.

Daily Benchmarks

(Short-Term) 5 Day: 651.5 Down Trend,
(Short-Term) 10 Day: 637.0 Down Trend,
(Intermediate-Term) 20 Day: 635.0 Up Trend,
(Intermediate-Term) 55 Day: 620.0 Up Trend,
(Long-Term) 100 Day: 587.5 Up Trend,
(Long-Term) 200 Day: 564.7 Up Trend.

Additional Metrics

ATR: 80.25,
VOLMA: 77996.

Recent Trade Signals

27 May 2026: Short ZW 07-26 @ 631.75 Signals.USAR-MSFG
21 May 2026: Short ZW 07-26 @ 652.5 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Wheat is in a sharp corrective swing after the May surge, with the daily chart showing a fast selloff from the 680s back into the lower 620s. Short-term structure is weak with pivot trend and HiLo trend both aligned down, and price remains below the weekly and monthly fib grids, reinforcing bearish near-term pressure. Intermediate-term trend damage is visible in the rollback from the May peak, but the broader year-to-date structure still holds an uptrend backdrop because price remains well above the 100- and 200-day benchmarks and the yearly fib bias stays above F0%. The chart is transitioning from a momentum expansion phase into a retracement phase, with price testing prior swing support around 625 and sitting near the lower part of the recent May range after an outside/impulse reversal sequence.