In Week 36, 2025 (Sep.1 to Sep.5), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from US Gulf to Tianjin (soybeans) from January to March 2026, and the trend is shown as follows:
The soybean producing areas in the central and northern regions of the United States have recently been affected by low temperatures, with an excellent rate 3% lower than market expectations. The current yield rate is 65%, which is the same as the same period last year. In terms of soybean growth progress in the United States, the current soybean leaf shedding rate is 11%, compared to 12% in the same period last year, and the five-year average is 10%; The pod setting rate is 94%, compared to 93% in the same period last year, and the five-year average is 94%.
In terms of transportation market, from Sep.1 to Sep.5 (Mon. to Fri.), future freight rates remained stable and ultimately closed at $58.00/ton, unchanged from Aug.29 (the last release day of Week 35).
(The analysis report is for reference only and at your own risk)
