Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  Aug 23  Comment 
October Sugar is trading at 20.43, up 0.01 cents/lb. March New York Sugar is trading at 20.89, up 0.01 cents/lb. Sugar futures are trading steady after Monday's advance. Market talk about sugar demand and sugar supply movement from...
The Hindu Business Line  Aug 22  Comment 
Finance Minister Arun Jaitley today held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festi...
Benzinga  Aug 22  Comment 
October Sugar is trading at 20.26, up 0.49 cents/lb. March New York Sugar is trading at 20.72, up 0.44 cents/lb. Sugar futures have moved up after a steady trade early in the day. Market talk about sugar production in India and Brazil...
Benzinga  Aug 19  Comment 
October Sugar is trading at 20.03, up 0.05 cents/lb. March New York Sugar is trading at 20.50, up 0.04 cents/lb. Sugar futures are trading steady to higher Friday morning, the overnight range is narrow. Market talk about global sugar...
Benzinga  Aug 18  Comment 
October Sugar is trading at 19.80, up 0.08 cents/lb. March New York Sugar is trading at 20.30, up 0.09 cents/lb. Sugar futures are trading rangebound after Wednesday's soft session. Market talk about estimates for Brazil's sugar...
Agrimoney.com  Aug 17  Comment 
The Brazilian crop supply lifts ideas of 2016-17 sugar production, citing dry weather and economics favouring sugar production
Benzinga  Aug 17  Comment 
October Sugar is trading at 19.92, down 0.34 cents/lb. March New York Sugar is trading at 20.42, down 0.32 cents/lb. Sugar futures have moved down during a choppy trading session. Market talk about various estimates for Brazil's sugar...
Benzinga  Aug 16  Comment 
October Sugar is trading at 20.31, up 0.33 cents/lb. March Sugar is trading at 20.78, up 0.33 cents/lb. Sugar futures are trading just under the session highs. Market talk about global currency values and Brazil's sugar production has kept...
Agrimoney.com  Aug 15  Comment 
Markets shrug off Brazilian crush data and a huge fund net-long, as the real turns higher
Benzinga  Aug 15  Comment 
October New York Sugar is trading at 19.64, down 0.07 cents/lb. March New York Sugar is trading at 20.09, down up 0.11 cents/lb. New York Sugar futures are trading rangebound early Monday morning. Market talk about weather in Brazil and...




 
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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