ICE Sugar No. 11
The Sugar No. 11 contract, also known as World Sugar, is the global benchmark contract for raw sugar trading. The contract prices physical delivery of raw cane sugar free-on-board the receiver’s vessel at a port within the country of origin of the sugar as named by the deliverer.
Sugar No. 11 is used in food, rum, and the fuel additive ethanol. It is a global sugar product, produced in over 120 countries and consumed in every country.
ICE offers data quotes on a subscription basis.
|Sugar No. 11 futures|
|Contract Size||112,000 pounds (50 long tons)|
|Pricing Unit||1/100 of a cent per pound ($11.20/contract)|
|Tick Value||1/100 cent/lb., equivalent to $11.20 per contract.|
|Contract Months||Mar, May, Jul, Oct|
|First Notice Date||First business day after the last trading day|
|Last Trading Day||Last business day of the month preceding delivery month|
|Trading Hours||08:30 to 12:30 ET; closing period commences at 12:28 ET||3:30 AM - 1:00 PM: New York|
|Sugar No. 11 options|
|Trade Unit||One futures contract|
|Point Value||Need point value!|
|Tick Value||1/100 of a cent per pound ($11.20/contract)|
|Option Months||Regular Options: March, May, July and October. Serial Options: January, February, April, June, August, September, November and December|
|Strike Prices||Strike Price Increment will be $.25 cents at all price levels.|
|No Open Outcry||Electronic|
|Trading Hours||N/A||3:30 AM - 1:00 PM: New York|