How do you setting the DACX Digital Gain register(0x35) ?
Does the 7 bits maps to gain of +/-1 or +/-2 or others ?
Follow the calculation:
IOUTP1 = 32 X V_REFIO / xRSET=32x (1.04/8.06k) =4.129mA (Max 4mA)*249Ohm = 996mV ,the actual amount to voltage only 700mV.