Sugar No. 11 Futures

QUOTE AND NEWS
Agrimoney.com  Oct 10  Comment 
Mill's in Brazil's Centre South cut their allocation of cane to sugar even further than had been thought in the second half of last month
Agrimoney.com  Sep 26  Comment 
Data showing a bigger-than-expected recovery in Brazilian Centre South sugar production send futures tumbling
Agrimoney.com  Sep 19  Comment 
The bureau sees the New York raw sugar futures price in 2017-18 at the lowest in a decade, weighed by raised EU, Indian output hopes
Agrimoney.com  Sep 4  Comment 
Firmness in Russian wheat values offers support to futures in Paris - where rapeseed proves less resilient. Among softs, sugar outperforms coffee
Agrimoney.com  Sep 1  Comment 
Both ag stars of the last session retreat, but one with far greater acceleration. Wheat prices extend recovery, amid US dryness as a key window nears
Agrimoney.com  Aug 30  Comment 
Sugar futures fall, defying worries over hefty sales already made by hedge funds - which ramped up shorts in grains, livestock too
Agrimoney.com  Jul 26  Comment 
Dryness allows Brazilian Centre South mills to accelerate the cane harvest, and swells sugar levels in crop too. Futures dip below 14 cents
Agrimoney.com  Jul 25  Comment 
Dryness allows Brazilian Centre South mills to accelerate the cane harvest, and swells sugar levels in the crop too, industry data show
Agrimoney.com  Jun 30  Comment 
The bank cuts forecast for prices of cocoa and arabica, but to levels above the futures curve. The outlook on sugar futures is more neutral
Agrimoney.com  Jun 26  Comment 
The bank cuts forecasts for arabica coffee and sugar prices, but to levels above the futures curve, while proving less upbeat on grain values




 
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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