USDA tossed another mixed batch of grain export inspection data into the fray when it released its latest report Monday morning, which covers the week through June 9. Corn volume faced a moderate decrease and trended toward the lower end of analyst estimates. Soybeans saw more bullish numbers, moving significantly higher week-over-week and climbing to the higher end of trade estimates. Wheat volume also moved higher after posting rangebound results.

Corn export inspections made it to 47.2 million bushels last week, spilling 18% below the prior week’s tally. That was also toward the lower end of trade estimates, which ranged between 39.4 million and 68.9 million bushels. Cumulative totals for the 2021/22 marketing year remain well behind last year’s pace, at 1.770 billion bushels.

China was the No. 1 destination for U.S. corn export inspections last week, with 16.3 million bushels. Mexico, Japan, South Korea and Colombia rounded out the top five.

Sorghum export inspections tracked moderately below the prior week’s tally, with 5.5 million bushels. That grain is largely bound for China, although Mexico and Japan also picked up modest amounts. Cumulative totals for the 2021/22 marketing year are still running slightly ahead of last year’s pace, with 254.7 million bushels.

Soybean export inspections moved ahead of the prior week’s pace to reach 22.2 million bushels. That was on the very high end of trade estimates, which ranged between 10.1 million and 24.8 million bushels. Cumulative totals for the 2021/22 marketing year were unable to make up any ground on the prior year’s sizeable lead, meantime, reaching 1.855 billion bushels.

Mexico was the No. 1 destination for U.S. soybean export inspections last week, with 6.1 million bushels. Japan, China, Germany and Indonesia filled out the top five.

Wheat export inspections improved to 14.3 million bushels last week. That was close to the middle of trade guesses, which ranged between 10.1 million and 18.4 million bushels. Cumulative totals for the young 2022/23 marketing year are off to a slightly sluggish start, reaching 22.6 million bushels since June 1.

Mexico was the No. 1 destination for U.S. wheat export inspections last week, with 2.3 million bushels. Japan was a close second, with 2.2 million bushels. Ecuador, Ethiopia and Nigeria rounded out the top five.

Click here to see more data from the latest USDA grain export inspection report.