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

Price Action

• Last: 579.00,
• Bars: Large,
• 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: 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: 600.5 Down Trend,
• (Short-Term) 10 Day: 619.75 Down Trend,
• (Intermediate-Term) 20 Day: 613.5 Down Trend,
• (Intermediate-Term) 55 Day: 600 Down Trend,
• (Long-Term) 100 Day: 611.75 Down Trend,
• (Long-Term) 200 Day: 741 Down Trend.

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: Bullish.

Key Insights Summary

Wheat remains in a broad multi-year downtrend structure, but the 2026 yearly session grid is still positive and price is holding above the yearly F0%/NTZ area, which keeps the longer-cycle backdrop constructive. On the weekly and monthly grids, price is still below the NTZ midpoint and both trends remain down, matching the active short signals and the falling 5/10/20/55/100/200-day benchmarks. The pivot structure is still dominated by lower highs and lower lows, with the latest swing low marked at 579 and the next higher pivot objective shown at 680. Recent weeks show a sharp rally from the 517.50 support zone into the upper 600s, followed by a pullback back toward the 579 area, reflecting a volatile recovery attempt inside a larger bearish sequence.