ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-29 07:10 CT

Price Action

Last: 623.00,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: -36%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

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

YSFG Year 2026

Long-Term
YSFG Current: 39%
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 618.00,
4. Pvt. Next: Pvt High 659.00,
5. Levels R: 1165.50, 1042.50, 1041.00, 988.50, 886.25,
6. Levels S: 618.00, 605.25, 575.75, 572.75, 530.25.

Daily Benchmarks

(Short-Term) 5 Day: 635.25 Down Trend,
(Short-Term) 10 Day: 648.25 Down Trend,
(Intermediate-Term) 20 Day: 624.25 Down Trend,
(Intermediate-Term) 55 Day: 620.25 Up Trend,
(Long-Term) 100 Day: 589.50 Up Trend,
(Long-Term) 200 Day: 565.50 Up Trend.

Additional Metrics

ATR: 51,
VOLMA: 77996.

Recent Trade Signals

27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720
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: Neutral.

Key Insights Summary

Wheat remains in a broad uptrend on the yearly structure, but the daily swing profile has rolled over sharply after the May peak and is now pressing back toward the lower monthly and weekly fib zones. Price is trading below the weekly and May session centers, the short-term pivot trend is DTrend, and the recent sequence of lower highs and lower lows confirms downside control on the swing timeframe. The 20-day benchmark sits near current price while the 5-day and 10-day averages are above price and turning down, reinforcing a corrective-to-bearish daily posture. Long-term structure still holds above the 100-day and 200-day benchmarks, so the larger cycle remains constructive even as the current pullback dominates the active swing setup.