ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-10 07:11 CT

Price Action

• Last: 576.25,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: 29%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -22%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 29%
• 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 574.75,
• 4. Pvt. Next: Pvt High 654.75,
• 5. Levels R: 1574.75, 1211.25, 986.50, 868.25, 723.25,
• 6. Levels S: 574.75, 509.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 618.25 Down Trend,
• (Short-Term) 10 Day: 613.25 Down Trend,
• (Intermediate-Term) 20 Day: 598 Down Trend,
• (Intermediate-Term) 55 Day: 592.25 Down Trend,
• (Long-Term) 100 Day: 606 Down Trend,
• (Long-Term) 200 Day: 740 Down Trend.

Recent Trade Signals

• 10 Jun 2026: Long ZW 07-26 @ 587.75 Signals.USAR-WSFG
• 09 Jun 2026: Long ZW 07-26 @ 590.5 Signals.USAR.TR120
• 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Weekly wheat remains in a broad structural downtrend from the 2023-2025 peak sequence, but the 2026 area is showing a developing base with higher reaction lows and a push back into the 2026 NTZ. The short-term profile is improving as WSFG sits above F0 with recent long signals, even though the pivot trend is still marked DTrend, reflecting a choppy transition phase rather than a clean trend. Intermediate-term month-to-date structure is still weak, with price below the monthly NTZ and the June MSFG reading negative, which keeps the larger pullback/correction theme intact. Long-term yearly structure is constructive, with YSFG positive and price holding above the yearly F0, suggesting the market is trying to stabilize after the prior selloff. The benchmark averages remain stacked above price and mostly declining, so the chart still shows overhead supply and a recovery process rather than a confirmed trend reset.