Sugar No. 11 Futures
QUOTE AND NEWS
Sugar futures decline
The Hindu Business Line  Jul 18  Comment 
Sugar prices in the spot market ruled steady, while it declined in the futures market on Friday. Heavy rain and disruption in power supply at the Vashi market hit trading; however, price...
Sugar sector: Government’s move sweetens sentiment
The Hindu Business Line  Jun 30  Comment 
The short-term trend in NCDEX sugar futures is up. The contract is likely to rally further
Government’s move sweetens sentiment
The Hindu Business Line  Jun 29  Comment 
The short-term trend in NCDEX sugar futures is up. The contract is likely to rally further
Wheat and sugar futures star on stronger day for ags
Agrimoney.com  Jun 18  Comment 
Wheat futures soar 4% at one point, for hard red winter, on US harvest concerns. Sugar gets a boost from India monsoon fears. Other ags gain too
Brazil cane harvest slowdown revives sugar futures
Agrimoney.com  Jun 10  Comment 
Sugar futures pare losses after data show a late May drop in Brazil's cane harvest, with lower yields. But large sugar stocks limit the price revival
Sugar futures gain on value buying
The Hindu Business Line  Jun 3  Comment 
Sugar prices declined by ₹11-21 a quintal on the higher side but ruled steady on the lower end on Tuesday. Naka prices were mixed as resellers offloaded the S-grade old stocks at prices ₹30...
Fears over Govt policies drag sugar futures
The Hindu Business Line  Jun 2  Comment 
Sugar prices on the Vashi wholesale market were mixed, while the futures were down by ₹9-25 a quintal for June and July contracts, on fears the new government will adopt a harsh policy fo...
Shadow eases over grain markets. But coffee extends slide
Agrimoney.com  May 28  Comment 
Wheat futures show only modest losses and corn actually gains, reversing the recent trend. But is there hope for a real recovery? Sugar futures revive
Market may lose its sweet tooth for sugar
CNBC  Apr 24  Comment 
Despite its 7-percent bounce this year, sugar futures may be turning sour.
#Premarket Prep Technical Update - Sugar Futures Sharply Higher
Benzinga  Mar 26  Comment 
Sugar futures are trading higher by $0.39 at $17.36 in Wednesday's session. After finding resistance at the $17.00 for three days in a row, Sugar cleared that level off the open and rallied to $17.53. This is the highest level for Sugar since it...




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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.

Contents

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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