ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-29 07:09 CT

Price Action

• Last: 583.25,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -13%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -41%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 22%
• 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 583.25,
• 4. Pvt. Next: Pvt high 615.75,
• 5. Levels R: 1050.50, 1049.00, 994.50, 874.25, 731.25,
• 6. Levels S: 583.25, 579.00, 538.25, 523.00.

Daily Benchmarks

• (Short-Term) 5 Day: 598.25 Down Trend,
• (Short-Term) 10 Day: 602.00 Down Trend,
• (Intermediate-Term) 20 Day: 600.75 Down Trend,
• (Intermediate-Term) 55 Day: 614.00 Down Trend,
• (Long-Term) 100 Day: 610.75 Down Trend,
• (Long-Term) 200 Day: 578.00 Up Trend.

Additional Metrics

• ATR: 74.50,
• VOLMA: 77996.

Recent Trade Signals

• 23 Jun 2026: Short ZW 09-26 @ 604.75 Signals.USAR-MSFG
• 22 Jun 2026: Short ZW 09-26 @ 607.5 Signals.USAR.TR120
• 22 Jun 2026: Short ZW 09-26 @ 612 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Wheat futures are trading in a corrective down swing after a sharp spring rally, with price pressing back toward the recent pivot low zone near 583.25 and the lower support band around 579.00. Short-term structure remains aligned with a declining weekly session fib bias and a negative June monthly session fib reading, while the current pivot trend and hi/lo trend both point lower. The daily averages are stacked bearishly across the 5, 10, 20, 55, and 100 day benchmarks, showing persistent downside rotation, but the 200 day benchmark remains below price and in an up trend, keeping the broader yearly backdrop constructive. The chart is showing a retracement from the May-June peak area into a lower range with mixed consolidation behavior and repeated tests of prior support levels, leaving the near-term swing state bearish while the longer-term year structure still sits above its annual fib midpoint.