SUGAR11 (NSU)
The value of one future contract of Sugar is 1120 x the value of 100 pounds of the sugar-price.
The contracts is traded on the IntercontinentalExchange (ICE)
Contract specifications
- Underlying value : 112,000 pounds sugar N° 11
- Settlement type : physical
- Periodicity : March, May, July and October
- Delivery Period : last business day of the month preceding the delivery month
- Value of one index point : 1120 $
- Value of the future : price x 1120 $
- Tick: 0,01
- Tickvalue : 11,20 $
Trading example :
- Sugar N° 11 at 27,00.
- The underlying value of one future contract of sugar N° 11 is 27,00 x 1120 = $ 30.240.
- Buy at 27,00 and sell at 28,50.
- 1 tick is 0,01 index point
- Profit: 150 x 11,20 = $ 1.680
