The latest set of export sales data from USDA, out Thursday morning and covering the week through November 3, didn’t have a lot of bullish numbers for traders to digest. Results landed within analyst expectations – barely – while corn, soybean and wheat totals all trended lower week-over-week.

Corn export sales made it to 10.4 million bushels in the week through November 3, down from 14.7 million bushels from the prior week. That was also below the entire range of trade estimates, which came in between 11.8 million and 27.6 million bushels. Cumulative totals for the 2022/23 marketing year are trending moderately below last year’s pace so far, with 173.3 million bushels.

Corn export shipments were also relatively disappointing, with 10.2 million bushels. Mexico accounted for nearly all of that total, with 8.4 million bushels. Canada, Nicaragua, El Salvador and Honduras rounded out the top five.

Sorghum export sales were sparse, with 1.2 million bushels, which is entirely bound for Sudan. That was also more than double the prior week’s total of 480,000 bushels. Cumulative totals for the 2022/23 marketing year are far behind last year’s pace so far, with 46.5 million bushels.

Soybean export sales slid slightly lower week-over-week, moving to 29.2 million bushels. That was toward the lower end of trade estimates, which ranged between 22.0 million and 45.9 million bushels. Cumulative totals for the 2022/23 marketing year are tracking moderately below last year’s pace so far, with 464.5 million bushels.

Soybean export shipments were extremely healthy, moving to 101.1 million bushels. China accounted for more than half of that total, with 72.3 million bushels. Mexico, Japan, the Netherlands and Spain filled out the top five.

Wheat export sales were down slightly from the prior week’s tally of 12.8 million bushels, falling to 11.8 million bushels. That was also on the lower end of trade guesses, which ranged between 9.2 million and 23.9 million bushels. Cumulative totals for the 2022/23 marketing year are running slightly ahead of last year’s pace, with 329.5 million bushels.

Wheat export shipments were also tepid, with just 5.6 million bushels. The Philippines, Japan, Mexico, Ecuador and Colombia were the top five destinations.

Click here to see more results from the latest UDSA export sales report.