May corn and May soybeans each gained 9¾¢ on Thursday, March 5, 2026. May corn settled at $4.53½ per bushel, while May soybeans settled at $11.79¼. These are historical futures-contract settlements, not current prices or local cash bids.
March 5 closing prices
Successful Farming reported the following May futures settlements on March 5, 2026. The figures are contract prices per bushel and reflect that trading session, not a quote for another delivery month or a farm’s local cash market.
| Contract | Change | Settlement |
|---|---|---|
| May corn | Up 9¾¢ | $4.53½ per bushel |
| May soybeans | Up 9¾¢ | $11.79¼ per bushel |
| May CBOT wheat | Up 15½¢ | $5.83¾ per bushel |
| May Kansas City wheat | Up 20¢ | $5.92½ per bushel |
| May Minneapolis wheat | Up 10¼¢ | $6.19½ per bushel |
Successful Farming’s March 5 market report provides the settlements and market commentary.
What the report said about the rally
Stewart-Peterson Inc.’s Grain Market Insider newsletter attributed grain-market strength to higher crude oil. The Successful Farming report also gave an intraday snapshot: ahead of 3 p.m. Central Time, April crude oil was up $5.44 at $80.10 per barrel. That observation is a point-in-time quote, not the crude-oil settlement, and the report does not establish crude oil as the rally’s sole cause.
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Naomi Blohm, senior market advisor with Total Farm Marketing, had identified $4.50 as resistance for May corn. The contract’s reported settlement was above that level. This describes the price action in the specific May contract; it is not a forecast or a guarantee that prices would hold above resistance.
Export sales in the morning update
Successful Farming’s morning update discussed USDA weekly U.S. Export Sales data for the week ended February 26, 2026. The figures below were reproduced by Successful Farming from commentary by The Brock Report/Brock Associates; they are not presented here as independently checked figures from the underlying USDA release.
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| Commodity | Net export sales | Compared with four-week average | Trade guesses reported in the article |
|---|---|---|---|
| Corn | 2.023 million metric tons | 59% higher | 600,000–1.6 million metric tons; sales topped the range |
| Soybeans | 383,500 metric tons | 20% lower | 300,000–1 million metric tons; sales were near the lower end |
| Wheat | 203,100 metric tons | 42% lower | 200,000–500,000 metric tons |
Brock Associates characterized the corn demand this way: “Remarkably strong export demand continues for corn.” That is market commentary attributed to Brock Associates, not a quotation from USDA.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read these figures
The reported gains refer specifically to May futures contracts on March 5, 2026. Futures prices can differ from cash bids because local basis, delivery terms, location, and timing affect what a seller may receive. The report gives no local cash bids, so these settlements alone do not determine a producer’s sale price.
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The export-sales numbers refer to reported weekly net sales for the week ended February 26, while the closing prices refer to the March 5 trading session. They are different measures over different periods: export sales provide demand context, but do not by themselves explain a one-day price move.
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