1. Introduction to Commodities
  2. Commodities: Cocoa
  3. Commodities: Coffee
  4. Commodities: Copper
  5. Commodities: Corn
  6. Commodities: Cotton
  7. Commodities: Crude Oil
  8. Commodities: Feeder Cattle
  9. Commodities: Gold
  10. Commodities: Heating Oil
  11. Commodities: Live Cattle
  12. Commodities: Lumber
  13. Commodities: Natural Gas
  14. Commodities: Oats
  15. Commodities: Orange Juice
  16. Commodities: Platinum
  17. Commodities: Rough Rice
  18. Commodities: Silver
  19. Commodities: Soybeans and Soybean Oil
  20. Commodities: Sugar
  21. Commodities: Wheat
  22. Understanding Commodities Trading

Sugar is a crystalline of carbohydrates that has been a natural ingredient in our diets for thousands of years. At one point, the refined table sugar we consider a staple was so rare and expensive it was called “white gold.” Today, sugar is the most popular ingredient added to foods in the U.S. The average American consumes more than 150 pounds of sugar per year.

Contract Specifications

Ticker Symbol

YO (CME Globex)

SB (ICE)

Contract Size

112,000 pounds

Contract Months

H, K, N, V

Trading Hours

CME Globex: Sunday – Friday, 6:00 p.m. – 5:00 p.m. (there’s an hour break from 5:00 to 6:00 p.m. each day)

ICE: Monday – Friday, 3:30 a.m. – 1:00 p.m.

Last Trading Day

CME Globex: The day immediately preceding the first notice day of the corresponding trading month of Sugar No. 11 futures at ICE Futures U.S.

ICE: The last business day of the month preceding the delivery month

Price Quote

U.S. Dollars per pound

Tick Size

$0.0001 per pound ($11.20 per contract)

Production        

About 80% of the world’s sugar comes from sugarcane, a perennial grass that is grown in tropical and subtropical areas. The other 20% comes from sugar beets, grown mostly in the temperate zones of the Northern Hemisphere. Worldwide, 70 countries produce sugar from sugarcane, 40 from sugar beets and 10 from both. The top producers are Brazil, India, China, Thailand and Pakistan.

Price Drivers

Despite health concerns and increasing obesity, there is strong demand for sugar throughout the world. Factors that influence sugar prices include:

  • global sugar stocks (inventories)
  • global consumption outlook
  • inflation (sugar tends to be correlated to the U.S. inflation rate)
  • weather conditions and weather outlooks
  • governmental regulations

 


Commodities: Wheat
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