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Nymex No. 11 Sugar 
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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. In addition, they:

  • Are financially-settled contracts that provide price discovery and remove the complexities of the physically-delivered process
  • Utilize CME Clearing to protect against counter-party risk

Things to Know:

  • Traded electronically on CME Globex, virtually around the clock
  • Can be submitted for off-exchange transactions for clearing only through CME ClearPort, as an EFS or EFP
  • Are a dollar-denominated, financially-settled contract of 112,000 pounds
  • Final settlement price will be set at the value of ICE U.S. Sugar No. 11 futures contract on the termination day of the contract month
  • Trading months consist of a March, May, July and October cycle over a 24-month-period.

About Sugar
Sugar was first thought to have been produced in Polynesia and later India, around 500 BC. Brazil is traditionally the world’s largest sugar producer and exporter.