In Week 28, 2025 (July 7 to July 11), 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:
Moderate temperatures across U.S. soybean-producing regions have been favorable for crop development during this critical growth stage. According to data from the U.S. Department of Agriculture, 8% of soybeans have reached the pod-setting stage, in line with the same period last year and above the five-year average of 6%. Emergence stands at 96%, slightly below the five-year average of 98%, while the blooming rate has reached 32%, matching last year’s pace and slightly above the five-year average of 31%.
In terms of the transportation market, the future freight rate remained stable during the week of July 7 to 11 (Mon. to Fri.), closing at $47.75 per ton, unchanged from July 4 (the last release day of Week 27).
(The analysis report is for reference only and at your own risk)
