Sugar
Sugar Meaning:
In commodity trading terminology, Sugar refers to a carbohydrate known as sucrose in its crystalline powder form that has been derived from either the sugar cane plant or the sugar beet. Sugar is used worldwide in the sweetening of soft-drinks, foods and medicines.
In commodity trading terminology, Sugar refers to a carbohydrate known as sucrose in its crystalline powder form that has been derived from either the sugar cane plant or the sugar beet. Sugar is used worldwide in the sweetening of soft-drinks, foods and medicines.
Sugar futures are traded on the New York Mercantile Exchange and the CME Group’s Globex and ClearPort electronic trading platforms. The contract size is for 112,000 pounds of Sugar, and prices are quoted in U.S. Dollars with a minimum fluctuation of $0.0001 per pound or $11.20 per contract. The symbol for Sugar is YO.