Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  9 hrs ago  Comment 
March New York Sugar is trading at 20.73, down 0.16 cents/lb. May New York Sugar is trading at 20.27, down 0.14 cents/lb. New York Sugar futures are trading a little lower early Thursday morning. Market chatter about Brazil's sugar...
Agrimoney.com  Jan 4  Comment 
Soybean markets gain on Argentine flooding, while sugar futures extend the last session's rally on cane shortage in India
Benzinga  Jan 4  Comment 
March New York Sugar is trading at 20.52, up 0.01 cents/lb. May New York Sugar is trading at 20.10, down 0.02 cents/lb. New York Sugar futures are trading rangebound after Tuesday's move up. Market chatter about Brazil's sugar production...
Benzinga  Jan 3  Comment 
March New York Sugar is trading at 20.11, up 0.60 cents/lb. May New York Sugar is trading at 19.73, up 0.48 cents/lb. New York Sugar futures have extended the session gains. Trading is choppy. In other New York Soft commodities; March...
Agrimoney.com  Dec 30  Comment 
Can sugar markets repeat the strong performance of 2016, or will the recent loss of momentum continue into next year? Analysts give their views
Benzinga  Dec 30  Comment 
March New York Sugar is trading at 19.62, up 0.11 cents/lb. May New York Sugar is trading at 19.33, up 0.11 cents/lb. New York Sugar futures are trading at the session highs during a narrow ranged pre-holiday trading session. Market talk...
Benzinga  Dec 29  Comment 
March New York Sugar is trading at 19.35, up 0.36 cents/lb. May New York Sugar is trading at 19.07, up 0.33 cents/lb. New York Sugar futures are trading higher after Wednesday's choppy and firm trade. Market talk about India's sugar...
Benzinga  Dec 29  Comment 
Benzinga  Dec 28  Comment 
March New York Sugar is trading at 18.68, up 0.14 cents/lb. May New York Sugar is trading at 18.42, up 0.12 cents/lb. New York Sugar futures are trading a little higher after Tuesday's wide trading range and choppy trade. Some talk about...
Benzinga  Dec 27  Comment 
March New York Sugar is trading at 18.62, up 0.47 cents/lb. May New York Sugar is trading at 18.36, up 0.39 cents/lb. New York Sugar futures are trading at the session highs after showing a steady trade early in the day. Market chatter about...
Benzinga  Dec 23  Comment 
March New York Sugar is trading at 18.20, up 0.04 cents/lb. May New York Sugar is trading at 18.00, up 0.05 cents/lb. New York Sugar futures are trading rangebound early Friday morning. Market chatter about traders adjusting positions...




 
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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