In Week 34, 2025 (Aug.18-Aug.22), 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 U.S. Department of Agriculture, weather conditions in the Midwest were relatively favorable for soybean growth, with the current excellent rate of soybeans maintained at 68%. In terms of soybean growth progress, the pod setting rate reached 82%, compared to 80% in the same period last year and the five-year average of 82%. The flowering rate reached 95%, compared to 94% in the same period last year and the five-year average of 95%.
In terms of transportation market, from Aug.18 to Aug.22 (Mon.-Fri.), future freight rates remained stable and ultimately closed at $58.00/ton, unchanged from Aug.15 (the last release day of Week 33).
(The analysis report is for reference only and at your own risk)
