USDA’s latest round of export inspection data, out Monday morning and covering the week through September 5, didn’t have a lot of bullish data for traders to digest. Corn and soybean volume faced moderate week-over-week declines, while wheat volume eased slightly below the prior week’s tally. Sorghum sales were especially slim this past week.

Corn export inspections faded to 32.9 million bushels last week. That was also on the lower end of analyst estimates, which ranged between 23.6 million and 49.2 million bushels. Cumulative sales for the first few days of the 2024/25 marketing year are moderately lower than last year’s pace so far after reaching 18.4 million bushels since the first of September.

Mexico was the No. 1 destination for U.S. corn export inspections last week, with 16.0 million bushels. Spain, Portugal, Comoros and Colombia rounded out the top five.

Sorghum export inspections were anemic last week after only reaching 146,000 bushels. China and Mexico were the lone destinations. Cumulative totals for the 2024/25 marketing year are off to a slow start after failing to match year-ago totals of 5.3 million bushels.

Soybean export inspections were moderately lower than the prior week’s volume after reaching 9.3 million bushels. That was also below the entire set of trade guesses, which ranged between 12.9 million and 23.9 million bushels. Cumulative totals for the 2024/25 marketing year are also moderately below last year’s pace so far after reaching 9.6 million bushels.

Indonesia was the No. 1 destination for U.S. soybean export inspections, with 2.5 million bushels. Mexico, China, Algeria and Japan filled out the top five.

Wheat export inspections eased slightly lower week-over-week but remained relatively strong, with 21.6 million bushels. That was also toward the high end of analyst estimates, which ranged between 11.0 million and 23.9 million bushels. Cumulative totals for the 2024/25 marketing year are widening their lead over last year’s pace after reaching 233.3 million bushels.

Mexico was the No. 1 destination for U.S. wheat export inspections last week, with 5.8 million bushels. Taiwan, Nigeria, Indonesia and South Korea rounded out the top five.

Click here for more highlights from the latest USDA grain export inspection report, which covers the week through September 5.