Description
Sugar #11 (Financial) futures are an outright contract between a buyer and a seller that industry participants, such as sugar producers, refiners, retailers, exporters and importers, can use to manage price risk.
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| NYMEX No. 11 Sugar Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | YO | ||||
| Venue | CME Globex, CME ClearPort | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | |||
| CME ClearPort: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | ||||
| Contract Size | 112,000 pounds | ||||
| Price Quotation | U.S. Dollars per pound | ||||
| Minimum Fluctuation | $0.0001 per pound | ||||
| Termination of Trading | Trading terminates on the day immediately preceding the first notice day of the corresponding trading month of Sugar No. 11 futures at ICE Futures U.S. | ||||
| Listed Contracts | Trading is conducted in the March, May, July, and October cycle for the next 24 months. | ||||
| Settlement Type | Financial | ||||
| Settlement Procedure | Daily NYMEX Softs Settlement Procedure (PDF) Final NYMEX No. 11 Sugar Futures Settlement Procedure (PDF) |
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| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 934 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||