In Week 32, 2025 (Aug.4 to Aug.8), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from U.S. Gulf to Tianjin (soybeans) from January to March 2026, and the trend is shown as follows:
Rainfall in the U.S. Midwest and Southern soybean-growing regions has been favorable for crop development, with soybean conditions remaining stable. According to the U.S. Department of Agriculture (USDA), the current soybean good-to-excellent rating stands at 69%, compared with 68% in the same period last year. Additionally, the pod-setting has reached 58%, compared with 57% in the same period last year and the five-year average of 58% for the same period. Meanwhile, the blooming rate have reached 85%, unchanged from last year and slightly below the five-year average of 86%.
In terms of the transportation market, the future freight rate remained stable from August 4 to 5 (Mon. to Tue.). From August 6 to 7 (Wed. to Thur.), the future freight rate saw consecutive small declines before stabilizing on August 8 (Fri.), and it finally closed at $58.00 per ton, down 1.69% compared to August 1 (the last release day of Week 31).
(The analysis report is for reference only and at your own risk)
