Sugar No. 11 Futures23

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

Contract Symbol
SB
Contract Size
112,000 pounds
Price Quotation
Cents and hundredths of a cent per pound to two decimal places
Contract Listing
March, May, July and October
Minimum Price Movement
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 Growths
Growths of 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 Points
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 Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venue
ICUS

Trading Hours

CityTradingPre-Open
New York3:30 AM - 1:00 PM
03:30 - 13:00
8:00 PM
20:00
London8:30 AM - 6:00 PM
08:30 - 18:00
1:00 AM
01:00
Singapore3:30 PM - 1:00 AM*
15:30 - 01:00
8:00 AM
08:00

*Next Day

Codes

Clearing Admin Name
Sugar No 11
Physical
SB
Logical
SB
GMI (FC)
27
R&N A.C.N.
2055