Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Chicago Board of TradeHeadline | futures | — | USD/MT | 285–320 | Dec 2024 | — |
| Vancouver, Canada | physical_fob | — | USD/MT | 295–330 | Dec 2024 | — |
| Mediterranean ports | physical_cif | — | USD/MT | 310–345 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical durum wheat trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Chicago Board of Trade | — | |
| Vancouver, Canada | — | |
| Mediterranean ports | — |
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