In Week 44, 2025 (Oct.27 to Oct.31), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from South America to Tianjin (soybeans) from January to March 2026, and the trend is shown as follows:
The weather in different regions of the Midwest of the United States, such as high temperatures, dry heat, or excessive rainfall, has led to a further decrease of 4% in soybean yield, with the current yield rate being 57%. The progress of soybean harvesting is also slower than last year, with a current soybean harvesting rate of 84% compared to 89% in the same period last year. According to the supply and demand report of the US Department of Agriculture, it is expected that the soybean production in the United States will reach 4.301 billion bushels in 2025/26, slightly lower than the level of 4.366 billion bushels in 2024/25, but higher than the market expectation of 4.271 billion bushels.
In terms of transportation market, from Oct.27 to Oct.31 (Mon. to Fri.), forward freight rates remained stable and ultimately closed at $58.00/ton, unchanged from Oct.24 (the last release day of the Week 42).
(The analysis report is for reference only and at your own risk)
