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] | ||
| MIC Code | IFUS | ||
| Clearing Venues | ICUS | ||
| Trading Hours | CITY | TRADING | PRE-OPEN |
| NEW YORK | 9:00 AM - 1:00 PM
09:00 - 13:00 |
8:45 AM
08:45 | |
| LONDON | 2:00 PM - 6:00 PM
14:00 - 18:00 |
1:45 PM
13:45 | |
| SINGAPORE | 10:00 PM - 2:00 AM
22:00 - 02:00 |
9:45 PM
21:45 | |
| **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. | None | ||
Notes[edit]
References[edit]
- ↑ IFEU Softs Delivery Limits. {{{org}}}.
- ↑ TAS. {{{org}}}.