Config.
Marché
Rapport
Unité

COT Sugar No. 11 (ICE US)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Softs · ICE Futures U.S.

What is ICE US Sugar No. 11?

World raw sugar (No. 11)

A long means…

Exposure to a rise in world raw cane sugar deliverable FOB (No. 11) — not white sugar, not US No. 16.

What is this?

Sugar No. 11 is the world price of raw cane. Delivery is FOB: the raw sugar goes on the buyer’s vessel at a port in the country of origin — not a New York warehouse — at 96-degree polarisation. Deliverable growths span the tropics — Brazil, India, Thailand, the Caribbean, Africa, even the United States. It is neither refined white sugar nor No. 16: that contract serves the US domestic market, duty-paid, at American refineries, and often trades well above No. 11.

Growers and mills hedge the cane; refiners, confectioners and food companies hedge a raw purchase.

Pitfalls

  • No. 11 = world raw FOB, not white sugar.
  • Not US Sugar No. 16.
  • 112,000 lb, not 10 tonnes like cocoa.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.