ICE Sugar No. 16

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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.

Sugar No. 16 Futures
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 New York, Baltimore, Galveston, New Orleans and Savannah.
First Notice Day First business day after the last trading day.
Last Notice Day First business day after 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.[1]
Markers TAS (Trade at Settlement)[2]
Clearing Venues ICUS
NEW YORK 9:00 AM - 1:00 PM

09:00 - 13:00

8:45 AM


LONDON 2:00 PM - 6:00 PM

14:00 - 18:00

1:45 PM


SINGAPORE 10:00 PM - 2:00 AM

22:00 - 02:00

9:45 PM


**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
ION A.C.N. None



  1. IFEU Softs Delivery Limits. {{{org}}}.
  2. TAS. {{{org}}}.


ICE Sugar No 16 Product Spec