In Week 30, 2025 (July 21 to July 25), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from South America to Tianjin (soybeans) from October to December 2025, and the trend is shown as follows:
The soybean producing regions in the Midwest of the United States are experiencing rainy weather, and soybean growth is good with a stable rate of excellence. According to data from the US Department of Agriculture, the current excellent rate is 68%, which is the same as the same period last year. In terms of soybean growth, the current soybean pod setting rate is 26%, compared to 27% in the same period last year, and the five-year average is 26%; The flowering rate is 62%, compared to 63% in the same period last year, and the five-year average is 63%.
In terms of the transportation market, from July 21 to July 23 (Mon. to Wed.), future freight rates remained stable. On July 24 (Thur.), the future freight rate slightly increased by $1.25 per ton and remained stable on July 25 (Fri.). In the end, the future freight rate closed at $50.25 per ton, a cumulative increase of 2.55% compared to July 18 (the last release day of Week 29).
(The analysis report is for reference only and at your own risk)
