USDA transport data show soybean shipping costs from the US Gulf and Pacific Northwest to China and Germany rose in Q3 2025, while Brazilian costs also increased for China and Germany. Changes reflected freight rates and farm values.
Rising US Gulf-to-China freight narrows the US export advantage over Brazil, which can shift Chinese buying toward South American beans and support Brazilian soybean prices.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.