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ICE Futures U.S.

Sugar No. 16 Futures

Description

The Sugar No. 16 contract serves the hedging needs of U.S. sugar producers, end users and merchants. The contract prices physical delivery of US-grown (or foreign origin with duty paid by deliverer) raw cane sugar at one of five U.S. refinery ports as selected by the receiver.

Market Specifications

Trading Screen Product Name
Sugar No. 16 Futures
Trading Screen Hub Name
NYCC
Contract Symbol
SF
Contract Size
112,000 pounds (50 long tons)
Price Quotation
Cents and hundredths of a cent per pound to two decimal places
Contract Series
January, March, May, July, September and November
Minimum Price Fluctuation
1/100 of a cent per pound ($11.20/contract)
Settlement
Physical delivery, in a vessel berthed at a customary refiners berth.
Grade/Standards/Quality
Raw centrifugal cane sugar based on 96 degrees average polarization
Daily Price Limit
None
Deliverable Origins
Cane sugars of the United States, duty free foreign origin, duty paid and delivered in bulk.
Delivery Locations
Through and including the May 2024 expiry: New York (including Yonkers) , Baltimore, New Orleans and Savannah.

For the July 2024 and later expiries: New York, Baltimore, New Orleans, Savannah and Morrissville Pennsylvania.
First Notice Day
First business day after the last trading day.
Last Trading Day
Eighth calendar day of the month preceding the delivery month, or next succeeding Exchange business day, if the eighth day is not an Exchange business day.
Position Limit
"Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York9:00 AM - 1:00 PM
09:00 - 13:00
8:45 AM
08:45
London2:00 PM - 6:00 PM
14:00 - 18:00
1:45 PM
13:45
Singapore9:00 PM - 1:00 AM
21:00 - 01:00
8:45 PM
20:45

**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 16
Physical
SF
Logical
SF
GMI (FC)
SF
ION A.C.N.
Symbol Code
SF