USDAs latest set of grain export inspection data, out Monday morning and covering the week through December 26, didn’t have much shocking data for traders to digest. Soybean led the way, landing on the higher end of analyst estimates. Corn and wheat posted more lackluster results, meantime.

Corn export inspections slid moderately lower week-over-week to 34.6 million bushels. That was also slightly toward the lower end of analyst estimates, which ranged between 27.6 million and 47.2 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately ahead of last year’s pace so far after reaching 604.7 million bushels.

Mexico was the No. 1 destination for U.S. corn export inspections last week, with 11.5 million bushels. Japan, Colombia, South Korea and Honduras rounded out the top five.

Sorghum export inspections slumped to 513,000 bushels last week. That grain is bound for multiple destinations, including Japan, Nigeria and Mexico. Cumulative totals for the 2024/25 marketing year are off to a sluggish start so far after reaching 53.9 million bushels.

Soybean export inspections retreated slightly below the prior week’s volume after reaching 57.7 million bushels. That was also on the higher end of analyst estimates, which ranged between 29.4 million and 64.3 million bushels. Cumulative totals for the 2024/25 marketing year are still moderately above last year’s pace after reaching 1.051 billion bushels.

Related:USDA exports – China buys soybeans, Taiwan buys corn, Jan. 16, 2025

China was the No. 1 destination for U.S. soybean export inspections, with 27.6 million bushels. Egypt, Turkey, Mexico and Germany filled out the top five.

Wheat export inspections faded moderately below last week’s pace, with 12.4 million bushels. That was slightly toward the higher end of analyst estimates, which ranged between 7.3 million and 15.6 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately above last year’s pace after reaching 451.3 million bushels.

Mexico was the No. 1 destination for U.S. wheat export inspections, with 2.5 million bushels. Thailand, South Korea, Italy and Taiwan rounded out the top five.

Click here for more highlights from the latest USDA grain export inspection report, which covers the week through December 26.