Sugar No. 11 Futures

QUOTE AND NEWS
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
Agrimoney.com  May 8  Comment 
Ag prices, broadly, post gains, with even some talk of inflation to help buying. Coffee, gets extra help from Brazil's real, and wheat from US fears
Reuters  Apr 30  Comment 
Raw sugar futures on ICE were mostly higher on Thursday, with the spot contract falling from the highest level in nearly eight weeks ahead of a record delivery, though the sweetener saw its strongest monthly gain in nearly two years.
Benzinga  Apr 28  Comment 
Sugar futures have moved down Tuesday after trading steady for most of the trading session. July Sugar is trading at 13.15, down 0.23. Chatter about possible better demand ahead and continued large global supplies has kept trading choppy. Market...
Agrimoney.com  Apr 8  Comment 
Sugar futures extend their revival from last week's six-year low, as demand and Brazil weather ideas spur hedge funds to cover some short positions
Agrimoney.com  Mar 30  Comment 
Sugar futures extend losses as Green Pool cuts its forecast for the world production deficit in 2015-16, citing raised Brazilian output hopes




 
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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