NYBOT Announces Rule Changes To Its Sugar No. 11 Contract

On February 13, 2004, the New York Board of Trade® (NYBOT®) announced several amendments to its Sugar No. 11sm futures (symbol SB) contract rules, which became effective with the March 2006 expiration.

As a reminder, these amendments:

• Provide that sugar delivered under the contract must be manufactured no earlier than 12 months prior to the delivery month, from than the previous provision of 18 months.
• Increase the minimum permitted delivery quantity per port from 20 to 80 contracts.
• Raise the minimum loading rate from 3,000 to 4,000 long tons per weather working day.
• Provide that the polarization premium schedule begins at 97 degrees, eliminating the fractional premium for fractions of a degree of polarization between 96 and 97 degrees.

The text of the amended rules can be found on the exchange website at www.nybot.com; click on Rulebook, and then on Chapter 11 – Sugar No. 11 Futures and Options.

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.