In Week 33, 2025 (Aug.11 to Aug.15), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from South America to Tianjin (soybeans) from January to March 2026, and the trend is shown as follows:
According to data from the US Department of Agriculture, the soybean production areas in the Midwest experienced a slight excellent rate decrease of 1% due to the impact of hot and dry weather. Currently, the excellent rate of soybeans is 68%, which is the same as the same period last year; The soybean pod setting rate is 71%, compared to 70% in the same period last year, and the five-year average is 72%; The flowering rate is 91%, compared to 90% in the same period last year, and the five-year average is 92%.
In terms of transportation market, from Aug.11 to Aug.15 (Mon. to Fri.), future freight rates remained stable and ultimately closed at $58.00/ton, unchanged from Aug.8 (the last release day of Week 32).
(The analysis report is for reference only and at your own risk)
