Sugar No. 11 Futures

QUOTE AND NEWS
Agrimoney.com  Sep 16  Comment 
The commodities bureau forecasts sugar futures averaging their lowest in five years in 2014-15 - implying further price falls to come
The Hindu Business Line  Aug 18  Comment 
Sugar prices on the domestic futures market extended loss by ₹27 for August and ₹12 for September contracts on Monday, while ruling steady on spot markets. The Vashi wholesale market was cl...
Agrimoney.com  Aug 7  Comment 
The discount of spot sugar futures to the next-in contract is at the biggest in six years - and will get larger still, EDandF Man says
The Hindu Business Line  Jul 31  Comment 
Sugar futures continued to be bearish for the third consecutive day on Thursday Spot sugar prices ruled steady on improved physical demand for the new month amid ample supply. Prices at the...
The Hindu Business Line  Jul 30  Comment 
Sugar futures dropped sharply during intra-day on higher selling on the back of monsoon progressing satisfactorily all over Maharashtra and Gujarat. On the spot, prices ruled steady ahead o...
The Hindu Business Line  Jul 18  Comment 
Sugar prices in the spot market ruled steady, while it declined in the futures market on Friday. Heavy rain and disruption in power supply at the Vashi market hit trading; however, price...
The Hindu Business Line  Jun 30  Comment 
The short-term trend in NCDEX sugar futures is up. The contract is likely to rally further
The Hindu Business Line  Jun 29  Comment 
The short-term trend in NCDEX sugar futures is up. The contract is likely to rally further
Agrimoney.com  Jun 18  Comment 
Wheat futures soar 4% at one point, for hard red winter, on US harvest concerns. Sugar gets a boost from India monsoon fears. Other ags gain too




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki