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ICE Futures U.S.

Sugar No. 11 Futures

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Description

The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices the physical delivery of raw cane sugar, free-on-board the receiver's vessel to a port within the country of origin of the sugar.

Market Specifications

Trading Screen Product Name
Sugar No. 11 Futures
Trading Screen Hub Name
NYCC
Contract Symbol
SB
Contract Size
112,000 pounds
Price Quotation
Cents and hundredths of a cent per pound to two decimal places
Contract Series
March, May, July and October
Minimum Price Fluctuation
1/100 cent/lb., equivalent to $11.20 per contract.
Settlement
Physical delivery, FOB receiver's vessel
Grade/Standards/Quality
Raw centrifugal cane sugar based on 96 degrees average polarization.
Daily Price Limit
None
Deliverable Origins
Growths of Argentina, Australia, Barbados, Belize, Brazil, Colombia, Costa Rica, Dominican Republic, El Salvador, Ecuador, Fiji Islands, 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 Locations
A port in the country of origin or in the case of landlocked countries, at a berth or anchorage in the customary port of export.
First Notice Day
First business day after last trading day.
Last Notice Day
First business day after last trading day.
Last Trading Day
Last business day of the month preceding the delivery month
Position Limit
"Position Limit and Position Accountability information for all IFUS products can be found here.
Markers
TAS (Trade at Settlement)
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York3:30 AM - 1:00 PM
03:30 - 13:00
8:00 PM
20:00
London7:30 AM - 5:00 PM
07:30 - 17:00
12:00 AM
00:00
Singapore3:30 PM - 1:00 AM
15:30 - 01:00
8:00 AM
08:00

**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 1:30 pm to 6:00 pm NY time on the prior Exchange business day.

Codes

Clearing Admin Name
Sugar No 11
Physical
SB
Logical
SB
GMI (FC)
27
ION A.C.N.
2055
Symbol Code
SB