USDA’s new set of grain export sales data, out Thursday morning and covering the week through July 13, had fairly solid results for traders to digest. Soybeans led the way with a strong showing, and corn volume also stayed near the upper end of analyst estimates. Wheat was disappointing, in contrast, after spilling below the entire range of trade guesses.

Corn exports captured 28.7 million bushels in combined old and new crop sales last week. That was also toward the higher end of trade estimates, which ranged between 9.8 million and 39.4 million bushels. Cumulative totals for the 2022/23 marketing year are still noticeably lower than last year’s pace after reaching 1.411 billion bushels.

Corn export shipments eroded 38% below the prior four-week average, with 15.1 million bushels. Mexico, China, Japan, Colombia and Canada were the top five destinations.

Sorghum exports jumped significantly higher after capturing 25.7 million bushels in combined old and new crop sales last week. The total was shaped by increases to China that were partially offset by reductions to unknown destinations. Cumulative totals for the 2022/23 marketing year are still well below last year’s pace, with 68.2 million bushels.

Soybean exports reached 32.6 million bushels in combined old and new crop sales last week. That was on the very high end of analyst estimates, which ranged between 5.5 million and 36.7 million bushels. Cumulative totals for the 2022/23 marketing year are still more than 100 million bushels lower than last year’s pace so far, with 1.833 billion bushels.

Soybean export shipments were 15% lower than the prior four-week average, with 8.8 million bushels. The Netherlands, Germany, Mexico, Indonesia and Japan were the top five destinations.

Wheat export sales were lackluster last week, with just 6.3 million bushels. That was below the entire range of trade guesses, which came in between 7.3 million and 18.4 million bushels. Cumulative totals for the 2023/24 marketing year have started off a bit behind last year’s pace so far, with 61.8 million bushels.

Wheat export shipments came in at 8.7 million bushels last week. Chile was the No. 1 destination, with 3.0 million bushels. Taiwan, Brazil, Mexico and Peru rounded out the top five.

Click here for more highlights from the latest UDSA export sales report.