Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
October New York Sugar is trading at 20.14, up 0.01 cents/lb. March New York Sugar is trading at 20.75, up 0.02 cents/lb. Sugar futures are trading steady Thursday morning. Market chatter about global sugar demand and Brazil's currency value...
Benzinga  Sep 14  Comment 
October New York Sugar is trading at 20.39, down 0.04 cents/lb. March New York Sugar is trading at 20.95, down 0.01 cents/lb. Sugar futures are trading steady early Wednesday morning. Market chatter about weather forecasts for Asia's and...
Benzinga  Sep 13  Comment 
October New York Sugar is trading at 20.33, up 0.09 cents/lb. March New York Sugar is trading at 20.89, up 0.04 cents/lb. Sugar futures are trading steady early Tuesday morning. Market chatter about weather for Brazil's and India's sugar...
Benzinga  Sep 12  Comment 
October New York Sugar is trading at 20.10, up 0.11 cents/lb. March New York Sugar is trading at 20.77, up 0.08 cents/lb. Sugar futures are trading a little higher Monday morning. Market chatter about global sugar demand and Brazil's...
Benzinga  Sep 9  Comment 
October New York Sugar is trading at 20.34, up 0.12 cents/lb. March New York Sugar is trading at 20.95, up 0.07 cents/lb. New York Sugar futures are trading a little higher early Friday morning. Market chatter about Brazil's sugar...
Benzinga  Sep 8  Comment 
October Sugar is trading at 20.18, down 0.11 cents/lb. March Sugar is trading at 20.79, down 0.11 cents/lb. Sugar futures are trading a little lower early Thursday morning. Market chatter about sugar supplies in Asia and ethanol demand...
Benzinga  Sep 7  Comment 
October Sugar is trading at 20.25, up 0.03 cents/lb. March Sugar is trading at 20.86, up 0.01 cents/lb. Sugar futures are trading steady Wednesday morning after Tuesday's choppy and back and forth trading session. Market chatter about...
Benzinga  Sep 6  Comment 
October Sugar is trading at 19.79, down 0.39 cents/lb. March Sugar is trading at 20.40, down 0.37 cents/lb. Sugar futures have extended the session losses and are trading near the lows of the day. Market chatter about weather for...
Benzinga  Sep 6  Comment 
October Sugar is trading at 20.09, down 0.09 cents/lb. March Sugar is trading at 20.67, down 0.10 cents/lb. Sugar futures are trading near the session lows. Market chatter about Brazils sugar production and India's sugar supply is making...
Benzinga  Sep 2  Comment 
October New York Sugar is trading at 19.80, up 0.21 cents/lb. March New York Sugar is trading at 20.41, up 0.23 cents/lb. Sugar futures are trading higher after Thursday's decline. Market chatter about energy prices and Brazil's sugar...
Benzinga  Sep 2  Comment 




 
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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