USDA’s latest report on grains inspected for export, out Monday morning and covering the week through Aug. 25, held mixed but mostly lackluster results. Corn, soybeans and wheat all trended lower from week-ago totals. Corn and wheat still managed to stay on the higher end of analyst expectations, while soybeans sank below the entire range of trade guesses.

Corn export inspections reached 27.1 million bushels, trending moderately lower week-over-week. The latest tally was toward the upper end of trade estimates, which ranged between 19.7 million and 33.5 million bushels. Cumulative totals for the 2021/22 marketing year remain well behind last year’s pace, with 2.149 billion bushels.

China accounted for just over half of all U.S. corn export inspections last week, with 13.6 million bushels. Mexico, Japan, Guatemala and Colombia rounded out the top five.

Sorghum export inspection volume was nearly halved week-over-week after falling to around 885,000 bushels. That grain is bound for South Africa and Mexico. Cumulative totals for the 2021/22 marketing year are still slightly above last year’s pace, with 292.3 million bushels.

Soybean export inspections fell moderately lower week-over-week to 16.1 million bushels. That disappointed analysts, who had hoped to see totals come in between 18.4 million and 30.3 million bushels. Cumulative totals for the 2021/22 marketing year are running slightly behind last year’s pace, with 2.074 billion bushels.

Mexico was the No. 1 destination for U.S. soybean export inspections last week, with 3.3 million bushels. Indonesia, China, Germany and Bangladesh filled out the top five.

Wheat export inspections faced a moderate weekly decline, dropping to 19.1 million bushels. That was still on the higher end of analyst estimates, which ranged between 9.2 million and 23.9 million bushels. Cumulative totals for the 2022/23 marketing year have started off sluggishly compared to last year’s pace, with 184.3 million bushels.

Mexico was the No. 1 destination for U.S. wheat export inspections last week, with 3.8 million bushels. Vietnam, China, the Philippines and Ghana rounded out the top five.

Click here for more data from the latest USDA grain export inspection report, covering the week through Aug. 25.