In Week 37, 2025 (Sep.8 to Sep.12), 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:
Continuous drought conditions in the soybean-producing areas in the Midwest, South, Central, and Eastern regions of the United States is expected to adversely affect the late growth stage of soybeans. Data from the U.S. Department of Agriculture (USDA) shows that the current excellent rate of soybeans is 64%, compared to 65% in the same period last year. The current soybean leaf shedding rate is 21%, compared to 23% in the same period last year, and the five-year average is 22%. The current pod setting rate is 97%, consistent with both the same period last year and the five-year average for the same period.
In terms of transportation market, from Sep.8 to Sep.11 (Mon. to Thur.), the future freight rate remained stable. On Sep.12 (Fri.), the future freight rate dropped slightly by $0.25/ton, and ultimately closed at $57.75/ton, a cumulative decrease of 0.43% compared to Sep.5 (the last release day of Week 36).
(The analysis report is for reference only and at your own risk)
