USDA’s latest set of grain export sales data, out Thursday afternoon and covering the week through December 5, held mostly bearish data for traders to digest. Soybeans led the way but still stumbled 42% below the prior four-week average. Corn volume slumped below the entire range of analyst estimates, while wheat volume eroded 23% lower week-over-week.

Corn export sales faded 45% lower week-over-week to 37.3 million bushels. That was also below the entire range of analyst estimates, which came in between 43.3 million and 78.7 million bushels. Cumulative totals for the 2024/25 marketing year are still trending moderately above last year’s pace after reaching 494.7 million bushels.

Corn export shipments climbed to a marketing-year high of 46.6 million bushels, meantime, after moving 28% above the prior four-week average. Mexico, Japan, Colombia, South Korea and Spain were the top five destinations.

Sorghum export sales slumped 94% below the prior four-week average, with just under 250,000 bushels. China was the lone destination. Cumulative sales for the 2024/25 marketing year are moderately below last year’s pace so far after reaching 33.8 million bushels.

Soybean exports fell 49% lower week-over-week to 43.1 million bushels. That was also below the entire set of analyst estimates, which ranged between 55.1 million and 82.7 million bushels. Cumulative sales for the 2024/25 marketing year are still moderately ahead of last year’s pace after reaching 863.0 million bushels.

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Soybean export shipments were 19% below the prior four-week average, with 68.3 million bushels. China, Spain, Turkey, Bangladesh and Mexico were the top five destinations.

Wheat exports tracked 31% below the prior four-week average, with 10.7 million bushels. That was on the very low end of analyst estimates, which ranged between 10.1 million and 23.9 million bushels. Cumulative totals for the 2024/25 marketing year are still trending moderately above last year’s pace after reaching 401.5 million bushels.

Wheat export shipments stumbled 33% below the prior four-week average after reaching 7.3 million bushels. Indonesia, the Dominican Republic, Mexico, Italy and Taiwan were the top five destinations.

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