On March 5, 2026, corn and soybean prices experienced a notable increase, with May corn closing at $4.53½ per bushel, reflecting a rise of 9¾¢. Similarly, May soybeans also saw a gain of 9¾¢, finishing at $11.79¼ per bushel.
In the wheat market, May CBOT wheat concluded the day up 15½¢ at $5.83¾ per bushel. May Kansas City wheat surged by 20¢, reaching $5.92½, while May Minneapolis wheat climbed 10¼¢ to settle at $6.19½.
The Grain Market Insider newsletter from Stewart-Peterson Inc. attributed this upward trend in grain prices to rising crude oil costs. Naomi Blohm, a senior market advisor at Total Farm Marketing, highlighted that May corn's resistance level was at $4.50, which the contract successfully surpassed. As of 3 p.m. CT, April crude oil had risen by $5.44, reaching $80.10 per barrel.
In livestock markets, April feeder cattle saw a decrease of $1.75, settling at $359 per hundredweight (cwt). Conversely, April live cattle increased by 18¢ to $238.53 per cwt, while April lean hogs dropped by $1.40, finishing at $95.68 per cwt.
Morning Market Update
As of 9:22 a.m. CT, May corn had gained 4¾¢, trading at $4.48½ per bushel, while May soybeans experienced a slight decline, down less than a penny at $11.69¼. In the wheat sector, May CBOT wheat was up 7¼¢ at $5.75½ per bushel, with Kansas City and Minneapolis wheat also showing gains.
The USDA's weekly U.S. Export Sales report, released earlier, indicated robust export demand for corn, with net sales reaching 2.023 million metric tons, a 59% increase from the four-week average. In contrast, soybean sales were reported at 383,500 metric tons, reflecting a 20% decline from previous averages. Wheat export sales were lower than expected, totaling 203,100 metric tons, down 42% from the four-week average.
Overall, the grain market is responding positively to current economic indicators, and traders remain optimistic about future price movements.
