Sugar No. 11 Futures

Benzinga  Jul 8  Comment 
October Sugar is trading at 19.67, down 0.06 cents/lb. March Sugar is trading at 19.89, down 0.11 cents/lb. Sugar futures are trading steady to a little lower Friday morning after Thursday's plunge. Market chatter about Brazil's sugar...
Benzinga  Jul 7  Comment 
October Sugar is trading at 19.98, down 0.59 cents/lb. March Sugar is trading at 20.20, down 0.56 cents/lb. Sugar futures have extended the session losses. Trading is choppy. Market chatter about good weather for Brazil's Center-South...
Benzinga  Jul 7  Comment 
October Sugar is trading at 20.43, down 0.14 cents/lb. March Sugar is trading at 20.62, down 0.14 cents/lb. Sugar futures are trading just above the session lows early Thursday morning. Trading is rangebound with some talk about buyers near...  Jun 29  Comment 
A rallying real drove the sugar rally to new heights, while grains tumbled ahead of a big US data release  Jun 15  Comment 
The prospect of a slightly damper US Midwest was enough to encourage some profit taking in grains, while sugar futures roared back  Jun 7  Comment 
Traders noted heavy system fund buying in sugar, making for a 'thin and vulnerable market' for the sweetener  Jun 6  Comment 
Traders noted heavy system fund buying in sugar, making for a 'thin and vulnerable market' for the sweetener  May 31  Comment 
Corn and soybeans fall back on end-of-month profit taking, while sugar futures edge off 23-month high  May 27  Comment 
A strong take-up at Chinese corn auctions helped Chicago prices, while sugar futures hit a 22-month high  May 16  Comment 
Sentiment is evenly split on the future direction of ICE Sugar futures as bulls and bears debate the relative merits of the market.


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


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]


  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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