In Week 50, 2025 (Dec.8 to Dec.12), the International Grain Future Freight (IGF) forward freight rate trend for Panamax from Gulf America to Tianjin (soybeans) for the period of March to May 2026 is shown as follows:
Brazil’s soybean planting is nearing completion, with the current planting rate at 94%, slightly behind last year’s 95%. Recently, some regions have experienced rainfall, which has significantly improved soil moisture levels, benefiting soybean growth. In contrast, Argentina’s main soybean-producing areas have continued to see rainfall, further delaying planting progress. As of now, Argentina’s soybean planting rate stands at 44.7%, lagging 9 percentage points behind the same period last year.
In the transportation market, forward freight rates remained stable on Dec.8 (Mon.). From Dec.9 to 11 (Tue. to Thur.), forward rates declined consecutively but stabilized again on Dec.12 (Fri.). Ultimately, forward freight rates closed at $39.00/ton, reflecting a 1.27% decrease compared to Dec.5 (the last release day of Week 49).
(The analysis report is for reference only and at your own risk)
