Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| North Dakota, USAHeadline | physical_fob | — | USD/MT | 480–620 | Dec 2024 | — |
| Mumbai, India | physical_fob | — | USD/MT | 420–540 | Dec 2024 | — |
| Rotterdam, Netherlands | physical_cif | — | USD/MT | 510–650 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical navy beans trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| North Dakota, USA | — | |
| Mumbai, India | — | |
| Rotterdam, Netherlands | — |
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