ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-22 07:10 CT

Price Action

Last: 612.0,
Bars: Medium,
Mom: slow.

WSFG Weekly

Short-Term
WSFG Current: -10%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jun

Intermediate-Term
MSFG Current: -15%
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 579.00,
4. Pvt. Next: Pvt High 680.00,
5. Levels R: 1582.75, 1219.25, 994.50, 874.25, 731.25,
6. Levels S: 579.00, 517.50.

Weekly Benchmarks

(Short-Term) 5 Day: 613.5 Down Trend,
(Short-Term) 10 Day: 621.5 Down Trend,
(Intermediate-Term) 20 Day: 611.5 Up Trend,
(Intermediate-Term) 55 Day: 600.5 Up Trend,
(Long-Term) 100 Day: 612.5 Up Trend,
(Long-Term) 200 Day: 743.5 Down Trend.

Recent Trade Signals

22 Jun 2026: Short ZW 09-26 @ 612 Signals.USAR-WSFG
17 Jun 2026: Long ZW 07-26 @ 611 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Wheat is still operating in a broad multi-year downtrend, but the weekly structure has shifted into a choppy basing-and-rebound phase above the 2026 swing low cluster. Price is sitting near the 20-day benchmark and just under the 5-day and 10-day averages, which keeps the short-term tone soft even while the 20, 55, and 100-day benchmarks remain constructive. The weekly and June session fib grids both remain below their f0% midlines, confirming a bearish short-to-intermediate session posture. Swing pivot structure shows a lower short-term pivot trend, while the higher-timeframe pivot flow has stabilized enough to keep the intermediate pivot trend upward. The yearly grid remains in positive territory, reflecting the broader recovery from the 517.50 and 579.00 support zone, but overhead resistance layers at 680.00, 731.25, 874.25, and higher prior swing shelves still frame the larger range.