ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-03 07:10 CT

Price Action

• Last: 597.00,
• Bars: Medium,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: -16%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 32%
• 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 597.00,
• 4. Pvt. Next: Pvt High 676.00,
• 5. Levels R: 1574.75, 1211.25, 988.50, 868.25, 723.25,
• 6. Levels S: 597.00, 575.75, 509.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 629.75 Down Trend,
• (Short-Term) 10 Day: 616.50 Down Trend,
• (Intermediate-Term) 20 Day: 595.25 Up Trend,
• (Intermediate-Term) 55 Day: 592.75 Up Trend,
• (Long-Term) 100 Day: 607.50 Up Trend,
• (Long-Term) 200 Day: 742.50 Down Trend.

Recent Trade Signals

• 03 Jun 2026: Short ZW 07-26 @ 601.75 Signals.USAR-WSFG
• 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG
• 27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Chicago SRW Wheat remains in a broader multi-year downtrend from the 2023 highs, but the 2026 yearly session grid is still positive and price is holding above the yearly F0% line, which keeps the long-term structure constructive. Short-term weekly and monthly session grids are both below F0% and aligned to the downside, matching the recent short signals and the softer swing-pivot tone. Price is working around the 597 area after a rebound from the 509.50 support region, with nearby overhead reference levels at 623-688 and a prior swing high target at 676.00. The weekly benchmark stack is mixed: the fast averages are below price and leaning lower, while the 20, 55, and 100 day benchmarks sit below the market but still trend upward, reflecting a recovery phase inside a larger downtrend. Overall, the chart shows a bearish short-to-intermediate swing backdrop with a longer-term yearly recovery bias still intact.