What are sugar futures?

What are sugar futures?

Sugar futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of sugar (eg. 112000 pounds) at a predetermined price on a future delivery date.

How is sugar traded?

The number one exchange for trading sugar is the New York Mercantile Exchange (NYMEX), the prices on this exchange function as a benchmark for sugar prices. Two other exchanges, that actively trade sugar, are the Intercontinental Exchange (ICE) and the Multi Commodity Exchange (MCX).

What is sugar price today?

Unit conversion for Sugar Price Today

Conversion Sugar Price Price
1 Pound ≈ 0,453 Kilograms Sugar Price Per 1 Kilogram 0.42 USD
1 Pound = 16 Ounces Sugar Price Per 1 Ounce 0.01 USD

Is there a sugar ETF?

Sugar ETF Channel With 2 ETFs traded on the U.S. markets, Sugar ETFs have total assets under management of $50.73M. The average expense ratio is 1.31%. Sugar ETFs can be found in the following asset classes: Commodities.

Where can I buy and sell sugar futures?

Trading Sugar Futures 1 Sugar futures are traded at the InterContinental Exchange (ICE) in contract months January, March, May, July and October. 2 Sugar futures are traded under the name sugar no. 3 Sugar no. 4 One sugar futures contract represents 112,000 pounds of raw cane sugar.

What is the sugar No.11 futures contract for?

Sugar No. 11 Futures. Description. The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices the physical delivery of raw cane sugar, free-on-board the receiver’s vessel to a port within the country of origin of the sugar.

Which is the most traded commodity in the sugar futures market?

The two sugar futures markets that are traded include world sugar No.11 and U.S. sugar no. 16. While Sugar no. 11 is the most commonly-traded international commodities futures product, Sugar no. 16 futures prices are often higher. The discrepancy in prices is due to subsidies and a tariff program that supports U.S. sugar farmers.

Is the time in Central Time Zone for sugar futures?

Times displayed are in Central Time zone. Copyright © 2021. All market data is provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided “as is” and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.