Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  Feb 17  Comment 
March New York Sugar is trading at 20.26, down 0.10 cents/lb. May New York Sugar is trading at 20.17, down 0.13 cents/lb. New York Sugar futures are trading a little lower during a mostly rangebound pre-holiday trading session. In other...
Benzinga  Feb 16  Comment 
March New York Sugar is trading at 20.33, down 0.15 cents/lb. May New York Sugar is trading at 20.29, down 0.14 cents/lb. New York Sugar futures are trading at the session lows. Chatter about a possible global sugar production surplus for...
Benzinga  Feb 15  Comment 
March New York Sugar is trading at 20.63, up 0.16 cents/lb. May New York Sugar is trading at 20.48, up 0.11 cents/lb. New York Sugar futures are trading a little higher Wednesday morning. Talk about global sugar demand and production is...
Benzinga  Feb 14  Comment 
March New York Sugar is trading at 20.19, up 0.19 cents/lb. May New York Sugar is trading at 20.14, up 0.15 cents/lb. New York Sugar futures are trading higher after Monday's choppy and soft trading session. Street estimates for Russia's...
Benzinga  Feb 13  Comment 
March New York Sugar is trading at 20.18, down 0.24 cents/lb. May New York Sugar is trading at 20.16, down 0.27 cents/lb. New York Sugar futures are trading choppy and a little above the session lows after showing a steady trade early in the...
Benzinga  Feb 10  Comment 
March New York Sugar is trading at 20.45, down 0.20 cents/lb. May New York Sugar is trading at 20.45, down 0.20 cents/lb. New York Sugar futures have extended the session losses. Trading is modestly choppy. In other New York Soft...
Benzinga  Feb 9  Comment 
March New York Sugar is trading at 20.81, up 0.05 cents/lb. May New York Sugar is trading at 20.77, up 0.04 cents/lb. New York Sugar futures are trading a little above the session lows. Market chatter about global sugar demand and weather...
Benzinga  Feb 8  Comment 
March New York Sugar is trading at 20.86, up 0.14 cents/lb. May New York Sugar is trading at 20.76, up 0.13 cents/lb. New York Sugar futures are trading rangebound and just under the session highs. Some market chatter is showing up about...
Benzinga  Feb 7  Comment 
March New York Sugar is trading at 21.00, down 0.18 cents/lb. May New York Sugar is trading at 20.89, down 0.08 cents/lb. New York Sugar futures are trading at the session lows after showing a steady trade early in the session. In other...
Benzinga  Feb 6  Comment 
March New York Sugar is trading at 21.09, down 0.02 cents/lb. May New York Sugar is trading at 20.92, up 0.01 cents/lb. New York Sugar futures are trading choppy and have erased the session gains with little time left to trade. In other New...




 
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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