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Sugar on nybot
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Feb 6, 2007 3:27am
Feb 6, 2007 3:27am
fx-trader777
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Joined Aug 2005
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Status: steady and consistent
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977 Posts
Hi all,
anyone can help me in understanding Sugar quotes ?
Price is 11.15, but what is weight? 16 kg costs 11.15$?
kiss the trend
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Feb 6, 2007 3:32am
Feb 6, 2007 3:32am
turbokaos
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Joined Jul 2006
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Status: Will take it all off for Pips!
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1,105 Posts
Contract size: 112,000 lbs
Min. Fluctuation: 0.01 c/LB = $11.20
Would luv to be floor trader for this one since it only open for 3hrs a day from 9am to 12
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Feb 6, 2007 3:41am
Feb 6, 2007 3:41am
fx-trader777
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Joined Aug 2005
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Status: steady and consistent
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977 Posts
ooops sorry my question seems to be dumb,
thanks for info
kiss the trend
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Feb 6, 2007 3:43am
Feb 6, 2007 3:43am
turbokaos
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Joined Jul 2006
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Status: Will take it all off for Pips!
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1,105 Posts
no worries
just rember when it comes to softs and grains it all about the weather
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Mar 17, 2016 7:43pm
Mar 17, 2016 7:43pm
gravitist
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Joined Aug 2014
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Status: Member
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639 Posts
Why would you trade something you don't understand? OK, I have traded futures, so here's a quick lesson:
Contract size is 112,000 pounds of sugar. Price is quoted in cents per lb.
Initial margin is $1000 to $1500 , depending on broker.
There are also options (call and puts, US-style options) .
US options - can be bought/sold/exercised anytime before trading stops. European options can only be exercised on last trading day, so avoid them.