In Week 43, 2025 (Oct.20 to Oct.24), 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:
Dry weather conditions continue across the U.S. Midwest soybean-producing regions, supporting a faster pace of harvest. The current soybean harvest rate stands at 73%, compared with 81% during the same period last year. According to the latest USDA supply and demand report, U.S. soybean planting area for the 2025 season is projected at 87.6 million acres, representing a 5.42% increase from 83.1 million acres in the previous year.
In the transportation market, from Oct.20 to 24 (Mon.to Fri.), forward freight rates remained stable, closing at USD 58.00 per ton, unchanged from Oct.17 (the last release day of Week 42).
(The analysis report is for reference only and at your own risk)
