Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  Dec 2  Comment 
March New York Sugar is trading at 18.88, down 0.48 cents/lb. May New York Sugar is trading at 18.49, down 0.40 cents/lb. New York Sugar futures have extended the session losses during a choppy and weak session. In other New York Soft...
Benzinga  Dec 2  Comment 
Benzinga  Dec 1  Comment 
March New York Sugar is trading at 19.61, down 0.20 cents/lb. May New York Sugar is trading at 19.13, down 0.14 cents/lb. New York Sugar futures are trading at the lows of the session. Market talk about global sugar demand and Brazil's...
Benzinga  Nov 30  Comment 
March New York Sugar is trading at 19.67, up 0.01 cents/lb. May New York Sugar is trading at 19.14, up 0.02 cents/lb. New York Sugar futures are trading steady after Tuesday's fall. Brazil's Center-South sugar production rose to 1.37...
Benzinga  Nov 29  Comment 
March New York Sugar is trading at 19.70, down 0.24 cents/lb. May New York Sugar is trading at 19.16, down 0.20 cents/lb. New York Sugar futures are trading and just above the session lows after showing gains early in the day. Market chatter...
Benzinga  Nov 29  Comment 
Benzinga  Nov 28  Comment 
March New York Sugar is trading at 19.97, up 0.13 cents/lb. May New York Sugar is trading at 19.38, up 0.12 cents/lb. New York Sugar futures are trading choppy and a little above the session lows. Market chatter about global sugar demand...
Benzinga  Nov 25  Comment 
March New York Sugar is trading at 19.75, up 0.17 cents/lb. New York Sugar futures are trading choppy and a little above the session lows. The trading range is moderate and some early session gains have eroded. Chatter about global sugar...
Benzinga  Nov 23  Comment 
March New York Sugar is trading at 19.67, down 0.08 cents/lb. New York Sugar futures are trading steady to lower after Tuesday's sharp fall. Market talk about global sugar supplies, currency values is making the rounds. Ukraine's sugar...
Benzinga  Nov 22  Comment 
March New York Sugar is trading at 19.93, down 0.42 cents/lb. New York Sugar futures have extended the session losses during a choppy an soft trading session. In other New York Soft commodities; March Coffee is trading at 162.40, down 0.90...
Benzinga  Nov 22  Comment 
Benzinga  Nov 22  Comment 
Benzinga  Nov 21  Comment 
March New York Sugar is trading at 20.35, up 0.20 cents/lb. New York Sugar futures are trading in the middle of the session range. Market chatter about global sugar demand and weather for global sugar producing areas is making the rounds....
Benzinga  Nov 18  Comment 
March New York Sugar is trading at 20.23, up 0.04 cents/lb. New York Sugar futures are trading rangebound. Market chatter about nearby sugar supplies and weather for global sugar producing areas is making the rounds. India's agricultural...




 
TOP CONTRIBUTORS

Sugar No. 11 futures are traded on the New York Board of Trade under ticker symbol SB in cents and hundredths of a cent per pound.[1]

The Chart at left shows the front-month Sugar No. 11 prices on the New York Board of Trade in cents and hundredths of a cent per pound.

The "Number 11" in the contract refers the way shipping costs are handled between the buyer and the seller of the contract. Sugar #11 is sold "Free on Board (FOB)", which means the seller pays to ship the sugar to a port, and is responsible for loading costs. The buyer, however, is responsible for unloading costs.

Sugar #11 can be sugar originating from any one of 28 countries and the United States: Argentina, Australia, Barbados, Belize, Brazil, Colombia, Costa Rica, Dominican Republic, El Salvador, Ecuador, Fiji Islands, French Antilles, Guatemala, Honduras, India, Jamaica, Malawi, Mauritius, Mexico, Mozambique,Nicaragua, Peru, Republic of the Philippines, South Africa, Swaziland, Taiwan, Thailand, Trinidad, United States, and Zimbabwe.

Delivery is to any port in the nation of origin.

Another sugar future contract, Sugar #14, differs primarily from Sugar #11 in the shipping terms for the contract. Sugar #14 Calls for delivery of cane sugar in bulk at named Atlantic and Gulf ports, Cost, Insurance and Freight (CIF) duty paid.

Delivery Dates

Sugar No. 11 futures are delivered every year in January, March, May, July, and October.[1]

The following is a table with Sugar No. 11 futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009SBF9SB/F9-NS
March, 2009SBH9SB/H9-NS
May, 2009SBK9SB/K9-NS
July, 2009SBN9SB/N9-NS
October, 2009SBV9SB/V9-NS


Contract Specifications

Contract Size

One Sugar No. 11 futures contract on the New York Board of Trade is 112,000 pounds.[1]

Tick Value

1/100 cent/lb.,.[1]

Daily Price Limit

None.[1]

Trading Hours

3:30a.m. - 2:00p.m. EST

Last Trading Day

Last business day of the month preceding the delivery month (except January, which is the second business day before the 24th calendar day of the prior month).[1]

Deliverable Grades

Raw centrifugal cane sugar based on 96 degrees average polarization.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 The New York Board of Trade's contract specification for Sugar No. 11 futures
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