In Week 40-41, 2025 (Sep.29 to Oct.10), due to the adjusted schedule for the National Day and Mid-Autumn Festival holidays, the International Grain Future Freight (IGF) was released four times. The 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:
Recent dry weather in soybean producing areas in the United States has been conducive to accelerating the harvest progress. Data from the U.S. Department of Agriculture (USDA) shows that the current soybean harvest rate stands at 39%, higher than 19% a week ago; the excellent rate is 61%, a decrease of 1 percentage point from a week ago.
In terms of transportation market, from Sep.29 to 30 (Mon.-Tue.,Week 40), the future freight rates remained stable. On Oct.9 (Thur.,Week 41.), the future freight rate slightly declined by $0.25/ton and remained stable on Oct.10 (Fri.,Week 41). Finally, the future freight rate closed at $58.00/ton, a cumulative decrease of 0.43% compared with Sept.26 (the last release day of Week 39).
(The analysis report is for reference only and at your own risk)
