Sugar No. 11 Futures

QUOTE AND NEWS
The Hindu Business Line  Aug 17  Comment 
Sugar prices fell by 0.59 per cent to Rs 2,350 per quintal in futures trade today as traders trimmed positions, triggered by higher supplies from mills at spot market against low demand from bulk...
Agrimoney.com  Aug 7  Comment 
Sugar futures stage a rebound. But can it last? Many commentators doubt it, given the prospects of further weakness in Brazil's currency
Benzinga  Jul 30  Comment 
N.Y. Sugar futures traded very choppy Thursday and settled near the session lows as selling accelerated the losses near the end of the session. October Sugar futures settled at 11.27, down 0.19. Coffee futures have moved up during steady...
Benzinga  Jul 29  Comment 
N.Y. Sugar futures settled higher on Wednesday after a steady open. Trading was choppy during the session. October Sugar futures settled at 11.46, up 0.29. Coffee futures have moved up a little during steady trading. September Coffee was...
Benzinga  Jul 9  Comment 
Sugar futures have extended losses from early in the session, some general selling has been occurring. October Sugar is trading at 12.00, down 0.31. Trading is choppy. Market chatter about overall large global supplies continues to bring in...
Agrimoney.com  Jun 16  Comment 
Sugar futures close at their lowest since 2009, as ANZ joins a throng of negative commentators, seeing "little reprieve" likely for prices
Agrimoney.com  Jun 15  Comment 
Sugar futures hit their lowest since 2009, as ANZ joins a throng of negative commentators, seeing "little reprieve" likely for prices
Agrimoney.com  Jun 12  Comment 
Sugar futures staged some recovery from a low reached in 2009. But there are, numerous, doubts that any revival can last
Agrimoney.com  Jun 10  Comment 
Sugar futures feel the hangover from data showing a strong Brazilian cane crush. Grains fall too. But cotton and, robusta, coffee show more mettle
Agrimoney.com  May 27  Comment 
Ag commodity bears chalk up some landmark price falls, with confidence in supplies of many crops too high to deter sellers. Still, coffee and soy gain




 
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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