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Help on Sugar (SB)
Sugar Futures are traded on the Coffee, Sugar, and Cocoa Exchange.
The price of Sugar is quoted in cents per pound. The standard
contract size is 112,000 pounds. The minimum trading increment
is a 0.01 cents.
Sugar prices are read as follows:
A price of 8.38 would be read as $0.0838/ pound or 8.38 cents
per pound
A move from 8.38 to 9.38 would be a difference of $1,120.00 excluding
commissions and fees. The minimum change is 0.01 cents or $11.20
Formula: $0.0938 - $0.0838= $0.0100 *112,000 = $1,120.00
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