Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
March New York Sugar is trading at 20.65, up 0.02 cents/lb. May New York Sugar is trading at 20.65, up 0.01 cents/lb. New York Sugar futures have erased the early session gains. Trading is active. In other New York Soft...
Benzinga  6 hrs ago  Comment 
Benzinga  Jan 23  Comment 
March New York sugar is trading at 20.43, up 0.25 cents/lb. May New York sugar is trading at 20.42, up 0.20 cents/lb. New York sugar futures are trading near the session highs. Market chatter about Brazil's sugar production and global...
Benzinga  Jan 20  Comment 
March New York Sugar is trading at 20.39, up 0.21 cents/lb. May New York Sugar is trading at 20.38, up 0.16 cents/lb. New York Sugar futures are trading choppy after Thursday's late session plunge. Trading is expected to remain very...
Benzinga  Jan 19  Comment 
March New York Sugar is trading at 20.64, down 0.34 cents/lb. May New York Sugar is trading at 20.60, down 0.20 cents/lb. New York Sugar futures have fallen in rapid fashion and are trading at the session lows. Trading is very choppy and...
Benzinga  Jan 18  Comment 
March New York Sugar is trading at 20.74, up 0.01 cents/lb. May New York Sugar is trading at 20.54, down 0.01 cents/lb. New York Sugar futures are trading rangebound early Wednesday morning. Chatter about weather for Brazil and India is...
Benzinga  Jan 17  Comment 
March New York Sugar is trading at 20.54, up 0.02 cents/lb. May New York Sugar is trading at 20.36, up 0.01 cents/lb. New York Sugar futures are trading in a narrow range early Tuesday morning. Market chatter about Brazil's sugar...
Benzinga  Jan 13  Comment 
March New York Sugar is trading at 20.72, down 0.04 cents/lb. May New York Sugar is trading at 20.48, down 0.04 cents/lb. New York Sugar futures are trading at the session lows after showing some gains early in the session. Market...
Benzinga  Jan 12  Comment 
March New York Sugar is trading at 20.74, up 0.18 cents/lb. May New York Sugar is trading at 20.48, up 0.10 cents/lb. New York Sugar futures are trading near the highs of the day. Chatter about global supplies of sugar and sugar demand...
Benzinga  Jan 11  Comment 
March New York Sugar is trading at 20.62, up 0.14 cents/lb. May New York Sugar is trading at 20.41, up 0.10 cents/lb. New York Sugar futures are trading rangebound. Egypt's government expects sugar production of around 2.3 million tonnes...
Benzinga  Jan 10  Comment 
March New York Sugar is trading at 20.47, up 0.05 cents/lb. May New York Sugar is trading at 20.26, up 0.03 cents/lb. New York Sugar futures are trading moderately choppy and on both sides of unchanged. Russia's Union of Sugar Producers...




 
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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