USDA’s latest round of grain export inspection data, out Monday morning and covering the week through November 28, didn’t have any surprising data points for traders to digest. Soybean volume led the way last week, easing slightly below the prior week’s tally. Corn volume was also relative strong despite sliding slightly lower week-over-week. Wheat volume retreated moderately lower, meantime.

Corn export inspections faded slightly lower to 36.8 million bushels last week. That waws slightly on the higher end of analyst estimates, which ranged between 25.6 million and 47.2 million bushels. Cumulative totals for the 2024/25 marketing year are still tracking moderately above last year’s pace after reaching 435.8 million bushels.

Colombia was the No. 1 destination for U.S. corn export inspections last week, with 9.6 million bushels. Mexico, South Korea, Japan and Honduras rounded out the top five.

Sorghum export inspections moved moderately higher week-over-week after reaching 7.7 million bushels. China, Egypt, Eritrea and Mexico were the top destinations. Cumulative totals for the 2024/25 marketing year are running fractionally above last year’s pace so far, with 42.7 million bushels.

Soybean export inspections eased slightly lower last week after reaching 76.7 million bushels. That was on the higher end of analyst estimates, which ranged between 54.2 million and 88.2 million bushels. Cumulative totals for the 2024/25 marketing year are still moderately higher than last year’s pace after reaching 800.7 million bushels.

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China was the No. 1 destination for U.S. soybean export inspections last week, with 34.4 million bushels. Italy, Mexico, Turkey and Portugal filled out the top five.

Wheat export inspections faced moderate week-over-week declines after reaching 10.9 million bushels. That was near the middle of analyst estimates, which ranged between 7.3 million and 14.7 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately above last year’s pace, with 403.7 million bushels.

The Philippines topped all destinations for U.S. wheat export inspections last week, with 3.3 million bushels. Mexico, south Korea, Venezuela and Algeria rounded out the top five.

Click here for more highlights from the latest USDA grain export inspection report, which covers the week through November 28.