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.