In Week 42, 2025 (Oct.13 to Oct.17), the International Grain Future Freight (IGF) forward freight rate trend for Panamax from Gulf America to Tianjin (soybeans) for the period of January to March 2026 is shown as follows:
The soybean harvest season is currently underway in the United States, with favorable weather conditions in the primary soybean-producing regions, supporting steady progress in harvesting. According to the U.S. Department of Agriculture, the current soybean harvest rate stands at 58%, which aligns with market expectations. The crop condition rating is 61%, unchanged from the previous week.
In the transportation market, there were no U.S. export shipments from Tianjin. From Oct.13 to 17 (Mon. to Fri.), the forward freight rates remained stable, closing at $58.00 per ton, unchanged from the Oct.10 (the last release day of Week 41).
(The analysis report is for reference only and at your own risk)
