Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Hallertau, GermanyHeadline | physical_fob | — | USD/MT | 2200–2800 | Dec 2024 | — |
| Yakima, Washington | physical_fob | — | USD/MT | 1800–2400 | Dec 2024 | — |
| Žatec, Czech Republic | physical_fob | — | USD/MT | 2400–3000 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical hops trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Hallertau, Germany | — | |
| Yakima, Washington | — | |
| Žatec, Czech Republic | — |
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