Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| US Gulf Coast | physical_fob | — | USD/MT | 185–215 | Dec 2024 | — |
| Maharashtra/Karnataka | physical_fob | — | USD/MT | 165–195 | Dec 2024 | — |
| Chicago Board of TradeHeadline | futures | — | USD/MT | 175–210 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical sorghum trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| US Gulf Coast | — | |
| Maharashtra/Karnataka | — | |
| Chicago Board of Trade | — |
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