In Week 27, 2025 (June 30 to July 4), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from U.S. Gulf to Tianjin (soybeans) from October to December 2025, and the trend is shown as follows:
According to data from the U.S. Department of Agriculture, soybean planting in the United States has been fully completed, with crop condition ratings remaining steady. The current good-to-excellent rating stands at 66%, unchanged from the previous week. As of now, 3% of soybeans have reached the pod-setting stage, matching the rate from the same period last year and slightly above the five-year average of 2%. Emergence is at 94%, just below the five-year average of 95%, while the blooming rate has reached 17%, compared to 18% in the same week last year and a five-year average of 16%.
In terms of the transportation market, the future freight rate remained stable throughout the week of June 30 to July 4 (Mon. to Fri.), closing at $47.75 per ton, unchanged from June 27 (the last release day of Week 26).
(The analysis report is for reference only and at your own risk)
