Media Encoder 25.2 Beta not importing colour setting from Premiere 25.2.0 Beta

I'm getting LOG-looking footage (grey, washed out) from Media Encoder, even though my colour settings in Premiere appear to be correct? I have a Canon EOS C80 and recording Canon XF AVC S files in C-Log 2. Seems like the colour output info is not getting to ME?

In Premiere, under the settings tab in Lumetri Colour:

Media Colour Space: C-LOG 2 / Wide Gamut

Colour Setup: Wide Gamut (tone mapped)

Output Colour Space: Rec.709

Oddly, if I don't export the footage to ME, and just use Premiere's encoding, the footage looks fine.