Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  Mar 26  Comment 
Sugar futures are trading higher by $0.39 at $17.36 in Wednesday's session. After finding resistance at the $17.00 for three days in a row, Sugar cleared that level off the open and rallied to $17.53. This is the highest level for Sugar since it...
Benzinga  Mar 25  Comment 
Sugar futures are trading higher by $0.12 at $16.96 in Tuesday's session. For the third day in a row, Sugar has been finding resistance at the $17.00 level, peaking between $16.98 and $17.03. If the rally continues, there may not be any major...
Commodity Online  Mar 14  Comment 
The Exchange recorded ADTV of Rs. 112.67 Crore till 13th March, 2014, compared to ADTV of Rs. 46.31 Crore in February, 2014. In terms of quantity, the Exchange recorded 4,14,850 MT of traded volume till 13th March, 2014 compared to 3,80,230 MT in...
Agrimoney.com  Feb 26  Comment 
Commerzbank lifts arabica coffee price forecasts, but to levels below futures, seeing sugar as better value - as Job Economia cuts Brazil canes hope
Agrimoney.com  Feb 24  Comment 
Brazilian weather concerns bring fresh gains to coffee and sugar futures, while soybeans receive help from China factors too. But grain prices fall
The Hindu Business Line  Jan 27  Comment 
Prices of sugar February and March contracts dropped by over 20 a quintal on Monday on rising supplies. Rates on the Vashi wholesale market declined by 10 as mills continued sellin...
Agrimoney.com  Jan 17  Comment 
Wheat sets a fresh three-year closing low in Chicago, as buyers elude the market, with sugar matching that feat. Cotton and soybeans manage gains
The Hindu Business Line  Jan 16  Comment 
Sugar prices on the Vashi wholesale market ruled steady on Wednesday, while they increased by Rs 25-30 a quintal in the futures market on hopes that the Government will soon give incentive...




 
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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