Sugar No. 11 Futures

QUOTE AND NEWS
Agrimoney.com  10 hrs ago  Comment 
Sugar futures fell as cane crushers in Brazil's Centre South reported a huge start to the season, and issued their first full season forecast
Agrimoney.com  Apr 18  Comment 
Sugar futures extend their rally, while cotton finds some surprising strength after Friday's announcement of Chinese sales
Agrimoney.com  Apr 15  Comment 
... indeed, many ags defy commodities weakness, amid talk of continued fund buying. Still, cotton struggles, and Paris wheat hits a contract low
Agrimoney.com  Apr 14  Comment 
The trade house sees sugar demand outstripping supply by a whopping 11.4m tonnes this season, and next season's shortfall could be just as big
Agrimoney.com  Apr 5  Comment 
A weaker real weighs on coffee futures, while soybean prices come under pressure from weak export demand
Agrimoney.com  Apr 4  Comment 
A weaker real weighs on coffee futures, while soybean prices come under pressure from weak export demand
Agrimoney.com  Mar 31  Comment 
Corn prices plummet on larger than expected US sowings intention data, spring wheat rallies
Agrimoney.com  Mar 21  Comment 
Grains prices gain after winter cold snap, and Sugar futures surge to a 16-month high, as fundamentals outweigh concerns of overbuying
Agrimoney.com  Mar 11  Comment 
Raw sugar futures rose more than 3%, to a 2-month high, as currency effects helped prices breath through a key technical resistance level
Agrimoney.com  Feb 24  Comment 
Australia and New Zealand Bank sees further upside for sugar prices, flagging the world output deficit and support from ethanol markets




 
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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