Terms and conditions for Futures Sugar No. 11; Sugar No 14; Sugar No. 16.
CBOT 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.
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 no 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.
Detail for Sugar No. 16, FOB USD/mt, Unit of trading: Fifty tonnes