Futures Contract on Sugar No. II (DOMESTIC)

Specifications: Calls for delivery of cane sugar in bulk, CIF duty paid at named Atlantic and Gulf ports

Trading Unit: 112,000 lbs.(50 long tons)

Trading Hours: 9:40 AM to 1:43 PM New York Time. Closing call commences after closing period in Sugar no 11 and white sugar futures.

Price Quotation: Cents per pound

Delivery Months: January, March, May, July, September and November

Ticker Symbol: SE

Min Price Fluct: 1/100 cents/lb., equivalent to $ 1.20 per contract

Daily Price Limits (from previous day's settlement price): 0.50 cents with variable limits effective under certain conditions. No price limits on two nearby months.

Position Limits: 1,000 contracts net any one month-, 1.000 net total. Exemptions may apply for hedge. straddle and arbitrage positions.

Grade: Raw centrifugal cane sugar based on 96 degrees average polarization.

Deliverable Growths: Cane sugars of the United States, duty free; foreign origin, duty paid and delivered in bulk.

Delivery Points: New York, Baltimore, Galveston, New Orleans, and Savannah.

Last Trading Day: Eight calendar day of the month preceding the delivery month, or next succeeding Exchange business day, if eight day is not an Exchange business day.

Notice Day: First business day after last trading day.


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