Sugar No. 11 Futures

QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
October New York Sugar is trading at 22.20, up 0.07 cents/lb. March New York Sugar is trading at 22.77, up 0.07 cents/lb. Sugar futures are trading steady to higher Wednesday morning. Market talk about weather for India's sugar growing...
Benzinga  Sep 20  Comment 
October New York Sugar is trading at 22.20, up 0.10 cents/lb. March New York Sugar is trading at 22.75, unchanged on the day. Sugar futures are trading steady to a little higher early Tuesday morning. Market talk about various...
Benzinga  Sep 19  Comment 
October New York Sugar is trading at 21.91, up 0.13 cents/lb. March New York Sugar is trading at 22.57, up 0.10 cents/lb. Sugar futures are trading a little higher after Friday's sharp move up. Market chatter about Brazil's sugar...
Agrimoney.com  Sep 16  Comment 
After months of rangebound trade, sugar futures break higher, lifted by Brazil output fears and growing consensus of a huge supply deficit
Benzinga  Sep 16  Comment 
October New York Sugar is trading at 21.23, up 0.75 cents/lb. March New York Sugar is trading at 21.95, up 0.79 cents/lb. Sugar futures have extended the session gains and are trading sharply higher. In other New York Soft...
Benzinga  Sep 16  Comment 
Agrimoney.com  Sep 16  Comment 
Sugar futures finally punch through 21 cents a pound level, on Brazilian concerns and a growing consensus about next season's large supply deficit
Agrimoney.com  Sep 15  Comment 
Wetness hampered sugar production in the Brazilian cane belt even more sharply than thought, Unica data show
Benzinga  Sep 15  Comment 
October New York Sugar is trading at 20.14, up 0.01 cents/lb. March New York Sugar is trading at 20.75, up 0.02 cents/lb. Sugar futures are trading steady Thursday morning. Market chatter about global sugar demand and Brazil's currency value...
Benzinga  Sep 14  Comment 
October New York Sugar is trading at 20.39, down 0.04 cents/lb. March New York Sugar is trading at 20.95, down 0.01 cents/lb. Sugar futures are trading steady early Wednesday morning. Market chatter about weather forecasts for Asia's and...
Benzinga  Sep 13  Comment 
October New York Sugar is trading at 20.33, up 0.09 cents/lb. March New York Sugar is trading at 20.89, up 0.04 cents/lb. Sugar futures are trading steady early Tuesday morning. Market chatter about weather for Brazil's and India's sugar...




 
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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