Sugar No. 11 Futures

QUOTE AND NEWS
Agrimoney.com  Feb 25  Comment 
Sugar futures tumble as the ISO revises its data to show a rise in world stocks this season, and foresees limited chances of a price revival for now
Mondo Visione  Jan 30  Comment 
The Tokyo Commodity Exchange, Inc. announced today the suspension of all trading of the Raw Sugar futures as of the close of day session on January 30, as per the announcement made on January 9. The Exchange received regulatory approval for this...
Agrimoney.com  Jan 20  Comment 
The price of Brazilian gasoline is on the way up, boding well for values of rival fuel ethanol, and thereby for prices of sugar too
The Hindu Business Line  Jan 13  Comment 
Sugar prices traded lower by 0.47 per cent to Rs 2,745 per quintal in futures trade on Tuesday as speculators reduced positions amid higher supplies from millers in the spot market.At the N...
Benzinga  Jan 13  Comment 
NY Sugar futures are little changed early Tuesday. Chatter about weather in Brazil has been supportive, along with talk that Brazil's Center-South region Sugar production fell during the latter parts of December. Some participants are beginning to...
Benzinga  Jan 12  Comment 
Chatter about Chinese sugar production decreases and weather in Brazil have been supportive. Sugar production in China for the first three months of the 2014/2015 season, which ended in December, was 2.21 million tonnes, down 34 percent from last...
Mondo Visione  Jan 9  Comment 
The Tokyo Commodity Exchange, Inc. (TOCOM) and Nikkei Inc. (Nikkei) announced today the removal of Raw Sugar Futures as a component of the jointly published Nikkei-TOCOM Commodity Index. This change will be effective as of February 2, 2015. TOCOM...
Mondo Visione  Jan 9  Comment 
The Tokyo Commodity Exchange, Inc. announced today the decision of the Board of Directors to cease generating new contract months for Raw Sugar futures. This will take effect as of the end of the day session on January 30, 2015 when the current...
Agrimoney.com  Jan 7  Comment 
Sugar futures ease, after failing to crack the 15-cents-a-pound mark, amid doubts over demand in Brazil, and the threat of drought to its cane crop
Benzinga  Jan 6  Comment 
Coffee futures closed Tuesday up 6.80 at 174.90, up over 4 percent. Brazilian Coffee producing areas had below average rainfall for December and that helped lift prices Tuesday. Sugar futures closed up 0.61 at 14.87 a rise of more than 4 percent...




 
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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