Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Midwest USAHeadline | physical_fob | — | USD/MT | 320–380 | Dec 2024 | — |
| Rotterdam | physical_cif | — | USD/MT | 350–420 | Dec 2024 | — |
| Shanghai | physical_fob | — | USD/MT | 280–340 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical glucose syrup trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Midwest USA | — | |
| Rotterdam | — | |
| Shanghai | — |
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