Sugar No. 11 Futures

QUOTE AND NEWS
Reuters  Apr 19  Comment 
Indian sugar futures fell on Wednesday after the cabinet extended by six months a limit on the quantity of sugar that mills can hold, in a move to contain high local prices.
Benzinga  Mar 15  Comment 
May New York Sugar is trading at 18.24, up 0.08 cents/lb. July New York Sugar is trading at 18.18, up 0.09 cents/lb. New York Sugar futures are trading just under the session highs. Market chatter about Brazil's weather and sugar...
Benzinga  Mar 14  Comment 
May New York Sugar is trading at 18.21, up 0.03 cents/lb. July New York Sugar is trading at 18.18, up 0.03 cents/lb. New York Sugar futures are trading rangebound. Market chatter about Brazil's sugar production and various weather forecasts...
Benzinga  Mar 13  Comment 
May New York Sugar is trading at 18.32, up 0.10 cents/lb. July New York Sugar is trading at 18.29, up 0.10 cents/lb. New York Sugar futures are trading a little under the session highs. Market chatter about global sugar production and...
Benzinga  Mar 10  Comment 
May New York Sugar is trading at 18.03, up 0.03 cents/lb. July New York Sugar is trading at 18.06, up 0.04 cents/lb. New York Sugar futures are trading just above the session lows after Thursday's back and forth trading day. China's...
The Hindu Business Line  Mar 9  Comment 
Sugar prices drifted lower by 1.18 per cent to Rs 3,778 per quintal in futures trading today as speculators engaged in cutting down bets, driven by sufficient stocks at spot market against muted dema...
Benzinga  Mar 9  Comment 
May New York Sugar is trading at 18.61, up 0.21 cents/lb. July New York Sugar is trading at 18.57, up 0.19 cents/lb. New York Sugar futures are trading near the session highs. Chatter about India's domestic demand and Brazil's sugar...
Benzinga  Mar 8  Comment 
May New York Sugar is trading at 18.24, down 0.18 cents/lb. July New York Sugar is trading at 18.27, down 0.14 cents/lb. New York Sugar futures are trading at the session lows after showing a steady trade early on. In other New York Soft...
Benzinga  Mar 7  Comment 
May New York Sugar is trading at 18.77, down 0.39 cents/lb. July New York Sugar is trading at 18.71, down 0.33 cents/lb. New York Sugar futures have extended the session losses during a modestly choppy and active session. In other New...
Benzinga  Mar 6  Comment 
May New York Sugar is trading at 19.69, up 0.17 cents/lb. July New York Sugar is trading at 19.50, up 0.17 cents/lb. New York Sugar futures are trading rangebound. Market chatter about global sugar supplies and weather in Brazil is making...




 
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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