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

Price Action

• Last: 587.5,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 17%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -28%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 26%
• 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 574.75,
• 4. Pvt. Next: Pvt High 603.75,
• 5. Levels R: 679.50, 665.50, 642.50, 641.00, 626.50,
• 6. Levels S: 574.75, 572.75, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 587 Down Trend,
• (Short-Term) 10 Day: 603.75 Down Trend,
• (Intermediate-Term) 20 Day: 630.25 Down Trend,
• (Intermediate-Term) 55 Day: 614 Down Trend,
• (Long-Term) 100 Day: 594.5 Down Trend,
• (Long-Term) 200 Day: 576 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 09 Jun 2026: Long ZW 07-26 @ 587.5 Signals.USAR-WSFG
• 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Chicago SRW Wheat is trading in a sharp daily downswing after a fast rejection from the recent high zone, with price now back near the lower part of the June session structure and below the 5, 10, 20, 55, and 100 day benchmarks. The short-term swing pivot posture remains DTrend, and the intermediate pivot structure is also DTrend, confirming the recent lower-high, lower-low sequence. Weekly structure still reads constructive on the WSFG, but the monthly MSFG is negative and dominating the current tape, while the year-to-date grid remains positive overall. The chart is showing a retracement from the spring rally into the prior breakout area, with price testing the area around the 200 day benchmark and nearby support bands, which makes the current action look like a selloff phase within a broader year trend rather than a clean trend continuation higher. Volume activity remains active and ATR is elevated, consistent with expanded daily ranges and choppier swing conditions.