{"id":4329,"date":"2024-05-29T14:31:37","date_gmt":"2024-05-29T07:31:37","guid":{"rendered":"https:\/\/edutrade.vn\/?post_type=product&p=4329"},"modified":"2026-03-11T15:34:19","modified_gmt":"2026-03-11T08:34:19","slug":"duong-11-hoa-ky-ice-us-sbe","status":"publish","type":"product","link":"https:\/\/edutrade.vn\/en\/product\/duong-11-hoa-ky-ice-us-sbe\/","title":{"rendered":"SUGAR 11 ( SBE \u2013 ICE US )"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Sugar 11 ( SBE \u2013 ICE US )<\/p>\n<\/td>\n<\/tr>\n

Size<\/td>\nFull<\/td>\n<\/tr>\n
Exchange<\/td>\nIntercontinental Exchange US ( ICE US )<\/td>\n<\/tr>\n
Commodity code<\/td>\nSBE<\/td>\n<\/tr>\n
Contract lot value (market price)<\/td>\nCommodity price * contract size<\/td>\n<\/tr>\n
Contract size<\/td>\n112,000 pounds ~ 50.8 tons<\/td>\n<\/tr>\n
Margin (changes according to MXV)<\/td>\n10% of contract lot value<\/td>\n<\/tr>\n
Trading price step<\/td>\n$0.01 ~ $11.2\/lot<\/td>\n<\/tr>\n
Quoted unit<\/td>\nCent\/pound<\/td>\n<\/tr>\n
Profit\/loss fluctuation $1\/lot<\/td>\n$1,120<\/td>\n<\/tr>\n
Trading period<\/td>\n3;5;7;10<\/td>\n<\/tr>\n
Trading schedule<\/td>\nMonday \u2013 Friday<\/td>\n<\/tr>\n
Trading session (winter opens 60 minutes late)<\/td>\n14:30 \u2013 00:00<\/td>\n<\/tr>\n
Price range<\/td>\nNot specified<\/td>\n<\/tr>\n
Quality standard<\/td>\nAccording to the regulations of the Sugar 11 product traded on the ICE exchange.<\/p>\n

Meets the delivery standards for raw cane sugar, with an average polarization of 96%<\/td>\n<\/tr>\n

Delivery Registration Date<\/td>\n05 working days before the working day before the first notice day.<\/td>\n<\/tr>\n
First notice day<\/td>\nThe first working day of the expiration month.<\/td>\n<\/tr>\n
Last trading day<\/td>\nThe last working day of the month before the expiration month<\/td>\n<\/tr>\n
Payment method<\/td>\nPhysical delivery<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

I. General Overview of the Product<\/h2>\n

1. Origin<\/em><\/p>\n

Sugar is a general term for sweet, water-soluble carbohydrates that are widely used in food.
\nSugar is primarily produced from two main crops:<\/p>\n

    \n
  • Sugarcane: Thrives in tropical, warm regions and serves as the main raw material for sugar production worldwide.<\/li>\n
  • Sugar Beet: Grows in temperate, cold, and humid climates, commonly cultivated in Europe, Russia, and North America.<\/li>\n<\/ul>\n

    \"\"<\/span><\/p>\n

    2. Cultivation Regions<\/em><\/p>\n

      \n
    • Southern Hemisphere \u2013 Sugarcane: Major producing countries include Brazil, India, Thailand, Colombia, etc. Extreme heat or drought can reduce sugarcane yield; however, high temperatures enhance sucrose concentration, improving sugar quality.<\/li>\n
    • Northern Hemisphere \u2013 Sugar Beet: Key production centers include Russia, and European countries (France, Germany, Poland). Adverse weather such as floods, frost, or heavy snowfall can stunt plant growth, reducing yield.<\/li>\n<\/ul>\n

      3. Temperature<\/em><\/p>\n

        \n
      • Sugarcane: Grows best at 21\u201335\u00b0C (70\u201395\u00b0F). Temperatures below 0\u00b0C may severely damage crops.<\/li>\n
      • Sugar Beet: Grows in humid winters and mild summers, ideally at 18\u201324\u00b0C. Excessive heat (>30\u00b0C) may reduce quality and yield.<\/li>\n<\/ul>\n

        4. Soil<\/em><\/p>\n

          \n
        • Sugarcane: Prefers well-drained, nutrient-rich soil. Excess nitrogen promotes leaf and stem growth but reduces sugar content.<\/li>\n
        • Sugar Beet: Requires fertile, well-drained soil with a pH of 6\u20137. Heavy or overly acidic soil increases the risk of pests and reduces yield.<\/li>\n<\/ul>\n

          5. Water<\/em><\/p>\n

            \n
          • Sugarcane: Needs stable moisture; excessive water or prolonged waterlogging, especially during early growth, affects development.<\/li>\n
          • Sugar Beet: Requires 60\u201365 cm of annual rainfall. Insufficient or excessive water reduces both yield and sugar quality.<\/li>\n<\/ul>\n

            6. Light<\/em><\/p>\n

              \n
            • Sugarcane: Requires full sunlight, particularly during stem growth and sugar accumulation.<\/li>\n
            • Sugar Beet: Needs moderate sunlight; excessive heat or prolonged shade can result in smaller beets and lower sucrose levels.<\/li>\n<\/ul>\n

              II. Uses and Benefits<\/h2>\n

              Sweetness: <\/em>Sweetening food remains the primary and most important function of sugar.<\/p>\n

              Fermentation:<\/em> Sugar serves as a primary food source for yeast and other microorganisms, accelerating fermentation. This not only helps dough and bread rise but also supports the production of traditional products such as wine, beer, and other fermented beverages.<\/p>\n

              Texture:<\/em> Sugar is critical for food structure and texture. It adds crispness to cookies, stabilizes cakes and mousses, and helps ice cream maintain smoothness and natural fluffiness.<\/p>\n

              Preservation:<\/em> Sugar extends shelf life by reducing free water, limiting microbial growth, including bacteria, mold, and yeast, preventing spoilage.<\/p>\n

              Color:<\/em> When heated, sugar reacts with proteins in food (Maillard reaction), producing an attractive golden color in cookies, pastries, and baked goods.<\/p>\n

              \"\"<\/p>\n

              III. Cultivation and Harvest<\/h2>\n

              Seasonal Sugar Price Trends<\/em><\/p>\n

              Prices tend to increase and peak in February (early in the year), which coincides with the planting season.<\/p>\n

              Prices tend to decrease and hit the lowest point in September, corresponding to the harvest season.<\/p>\n

              Global Supply and Demand<\/em><\/p>\n

                \n
              • Major Producers:<\/em> Brazil, India, Thailand, China, United States. Brazil accounts for a significant portion of raw sugar exports.<\/li>\n
              • Major Importers: <\/em>Indonesia (~5.3 million tons), China (~4.35 million tons), USA (~3.48 million tons), India (~3.36 million tons). Other importers include Malaysia, Iran, and Bangladesh.<\/li>\n
              • Supply\u2013Demand Balance: <\/em>Supply > Demand \u2192 Price decreases; Demand > Supply \u2192 Price increases<\/li>\n<\/ul>\n

                Stocks: <\/em>Low stocks \u2192 Price increases; High stocks \u2192 Price decreases. Inventory is a key indicator for ICE pricing.<\/p>\n

                Trend:<\/em> High import demand and abundant supply from major producers help stabilize the market, but stocks and supply\u2013demand balance remain decisive factors in price fluctuations.<\/p>\n

                IV. Sugar Price Cycle and Influencing Factors<\/h2>\n

                Sugar derived from beet primarily serves domestic markets and has limited connection to international markets. Therefore, ICE US (Sugar 11) price analysis typically focuses on sugarcane. Sugar prices are influenced by various factors, including supply-demand balance, crude oil prices, weather, exchange rates, inflation, and futures contracts.<\/em><\/p>\n

                1. Supply-Demand Balance<\/h3>\n

                Basic economic principles in the sugar market:<\/p>\n

                  \n
                • Supply exceeds demand \u2192 Price decreases<\/li>\n
                • Demand exceeds supply \u2192 Price increases<\/li>\n
                • Low inventory \u2192 Price increases due to insufficient reserves to offset supply disruptions<\/li>\n
                • High inventory \u2192 Price decreases due to excess supply<\/li>\n<\/ul>\n

                  Unlike oil or metals, sugar mills cannot halt production to wait for price increases, and storage capacity is limited. Any disruption during harvesting, processing, or transportation can significantly affect prices.<\/p>\n

                  2. Crude Oil Market and Ethanol Relationship<\/h3>\n

                  Sugar and energy are closely linked through ethanol production:<\/p>\n

                    \n
                  • Sugarcane<\/em> can be processed into sugar, ethanol, or bioelectricity.<\/li>\n
                  • Rising oil prices increase the demand for alternative fuels (ethanol) \u2192 Sugar output decreases \u2192 Sugar prices rise.<\/li>\n
                  • Falling oil prices \u2192 Sugar output increases \u2192 Sugar prices decrease.<\/li>\n<\/ul>\n

                    The allocation ratio between sugar and ethanol at sugar mills ranges from 50\/50 to 80% sugar \u2013 20% ethanol, causing fluctuations of approximately 10 million tons of sugar in the market.<\/p>\n

                    3. Weather in Brazil<\/h3>\n

                    Brazil, as the largest sugar producer and exporter, is highly weather-sensitive:<\/p>\n

                      \n
                    • Drought <\/em>\u2192 Reduced sugarcane yield \u2192 Higher sugar prices<\/li>\n
                    • Excessive rainfall <\/em>\u2192 Delayed harvest, lower sugar content \u2192 Higher sugar prices.<\/li>\n
                    • El Ni\u00f1o can affect water availability, impacting sugarcane production in Brazil and India.<\/li>\n<\/ul>\n

                      Extreme weather slows harvesting and reduces sugar content per ton (ATR), directly affecting supply and pricing.<\/p>\n

                      \"\"<\/span><\/p>\n

                      4. BRL\/USD Exchange Rate<\/h3>\n

                      Sugar production costs in Brazil are calculated in BRL, while sugar futures are quoted in USD:<\/p>\n

                        \n
                      • BRL appreciates<\/em> \u2192 Higher domestic costs \u2192 Exports decrease \u2192 Sugar prices in USD increase<\/li>\n
                      • BRL depreciates<\/em> \u2192 Exports increase \u2192 Sugar prices in USD decrease<\/li>\n<\/ul>\n

                        Exchange rate fluctuations directly impact the competitiveness of Brazilian sugar exports.<\/p>\n

                        5. Inflation and Futures Contracts<\/h3>\n

                        Sugar futures are considered a hedging tool against inflation:<\/p>\n

                          \n
                        • Rising inflation <\/em>\u2192 Futures prices increase<\/li>\n
                        • Falling inflation<\/em> \u2192 Futures prices decrease<\/li>\n<\/ul>\n

                          Although not a one-to-one relationship, sugar futures reflect market inflation expectations.<\/p>\n

                          6. Key Reports<\/h3>\n

                          UNICA: Brazilian Sugarcane Industry Association representing sugar, ethanol, and bioelectricity producers in Central-South Brazil. UNICA reports significantly influence sugar prices.<\/p>\n

                          International Sugar Organization (ISO): Headquartered in London, UK, established under the International Sugar Agreement to exchange information, compile global sugar market statistics, and promote trade cooperation. ISO does not directly regulate prices or quotas. ISO currently has approximately 85 member countries:<\/p>\n

                            \n
                          • 85% of global sugar production<\/li>\n
                          • 64% of global sugar consumption<\/li>\n
                          • 37% of global sugar imports<\/li>\n
                          • 93% of global sugar exports<\/li>\n<\/ul>\n

                            ISO reports are subscription-based. Edu Trade provides early insights and analyses from ISO.
                            \nAccording to 2024 statistics from \u201cisosugar.org,\u201d updated by EDT on 17\/12\/2025.<\/em><\/p>\n

                            7. Summary of Key Relationships<\/h3>\n\n\n\n\n\n\n\n\n\n\n
                            Factor<\/strong><\/td>\nImpact on Sugar Price<\/strong><\/td>\n<\/tr>\n<\/thead>\n
                            Supply\u2013Demand<\/td>\nSupply > Demand \u2192 Price decreases; Demand > Supply \u2192 Price increases<\/td>\n<\/tr>\n
                            Inventory<\/td>\nLow \u2192 Price increases; High \u2192 Price decreases<\/td>\n<\/tr>\n
                            Crude Oil Price<\/td>\nIncrease \u2192 Sugar price increases; Decrease \u2192 Sugar price decreases<\/td>\n<\/tr>\n
                            Brazilian Weather<\/td>\nDrought \u2192 Price increases; Heavy rain \u2192 Price increases<\/td>\n<\/tr>\n
                            BRL\/USD Exchange Rate<\/td>\nBRL \u2191 \u2192 Sugar price in USD \u2191; BRL \u2193 \u2192 Sugar price in USD \u2193<\/td>\n<\/tr>\n
                            Inflation<\/td>\nIncrease \u2192 Futures price \u2191; Decrease \u2192 Futures price \u2193<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                            V. Key Strategies for Effective SUGAR 11 US (ICE US \u2013 SBE) Investment<\/h2>\n

                            1. In-Depth Understanding of the Product and Trading Specifications<\/h3>\n

                            Develop a comprehensive understanding of sugar as a global agricultural commodity, including its physical characteristics, types (cane sugar, beet sugar), quality standards, end-use applications (food processing, confectionery, beverages), and its role in the global food supply chain.<\/span><\/p>\n

                            Fully understand the specifications of Sugar 11 futures contracts traded on ICE US \u2013 SBE, including contract size, pricing unit, minimum tick size, delivery months, delivery locations, and trading hours.<\/p>\n

                            Closely monitor key sugar market indicators, such as:<\/span><\/p>\n

                              \n
                            • Open Interest and managed money positioning,<\/span><\/li>\n
                            • Certified sugar inventories at ICE warehouses,<\/span><\/li>\n
                            • Global production and export data from major producing countries (Brazil, India, Thailand, etc.),<\/span><\/li>\n
                            • Futures forward curve structure (contango\/backwardation),<\/span><\/li>\n
                            • Currency movements (USD\/BRL).<\/span><\/li>\n<\/ul>\n

                              \u2192 These indicators help investors assess supply-demand balance and identify short- to medium-term sugar price trends.<\/span><\/p>\n

                              2. Utilizing Hedging and Risk Management Instruments<\/h3>\n

                              Sugar futures are critical for:<\/span><\/p>\n

                              Sugar processors and food manufacturers:<\/em> Locking in raw material costs to protect profit margins from price volatility.<\/span><\/p>\n

                              Exporters and traders:<\/em> Managing price risks associated with fluctuating physical sugar prices and shipment timing.<\/span><\/p>\n

                              Hedge funds and financial investors:<\/em> Capitalizing on sugar price volatility while diversifying and managing risks in commodity portfolios.<\/span><\/p>\n

                              3. Staying Informed on Factors Influencing Sugar Prices<\/h3>\n

                              Sugar prices are highly sensitive to:<\/span><\/p>\n

                                \n
                              • Weather conditions in major producing regions, especially Brazil, India, and Thailand,<\/span><\/li>\n
                              • Production disruptions and crop diseases,<\/span><\/li>\n
                              • Political and regulatory developments, including trade policies and sustainability measures,<\/span><\/li>\n
                              • Currency fluctuations, particularly USD and BRL,<\/span><\/li>\n
                              • Global sugar demand trends and economic conditions in major consuming markets.<\/span><\/li>\n<\/ul>\n

                                Investors should closely track:<\/span><\/p>\n

                                  \n
                                • Quarterly production and export reports,<\/span><\/li>\n
                                • ICE-certified stock levels,<\/span><\/li>\n
                                • Weather indicators (drought, rainfall patterns, El Ni\u00f1o\/La Ni\u00f1a),<\/span><\/li>\n
                                • Government policy announcements from major producing countries.<\/span><\/li>\n<\/ul>\n

                                  \u2192 Continuous monitoring enables a more accurate assessment of sugar market fundamentals and price direction.<\/span><\/p>\n

                                  4. Consulting Commodity Market Experts<\/h3>\n

                                  Edu Trade<\/em> is a reputable organization and a leading member of the <\/span>Vietnam Mercantile Exchange (MXV)<\/em>, specializing in consultancy and training for commodity derivatives investment.<\/span><\/p>\n

                                  With over 10 years of practical market experience, Edu Trade\u2019s expert team continuously tracks global commodity markets, delivering timely, objective, and data-driven insights to investors.<\/p>\n

                                  Edu Trade regularly organizes professional training programs on commodity derivatives, helping investors:<\/span><\/p>\n

                                    \n
                                  • Develop effective trading strategies,<\/span><\/li>\n
                                  • Proactively manage risks,<\/span><\/li>\n
                                  • Avoid common and preventable investment mistakes.<\/span><\/li>\n<\/ul>\n

                                    Edu Trade aims to provide investors with a clear and practical understanding of SUGAR 11 US (ICE US \u2013 SBE).<\/p>\n

                                    For professional consultation and dedicated support on trading sugar futures or participating in the commodity derivatives market, please contact our <\/span>Hotline: 0866.212.677.<\/span><\/em><\/p>","protected":false},"excerpt":{"rendered":"

                                    \u0110\u01b0\u1eddng 11 ( SBE \u2013 ICE US ) Size Full S\u1edf Giao d\u1ecbch Intercontinental Exchange US ( ICE US ) M\u00e3 h\u00e0ng h\u00f3a SBE G\u00eda tr\u1ecb l\u00f4 h\u1ee3p \u0111\u1ed3ng ( theo th\u1ecb tr\u01b0\u1eddng ) Gi\u00e1 h\u00e0ng h\u00f3a * \u0111\u1ed9 l\u1edbn h\u1ee3p \u0111\u1ed3ng \u0110\u1ed9 l\u1edbn h\u1ee3p \u0111\u1ed3ng 112,000 pound ~ 50.8 t\u1ea5n K\u00fd qu\u1ef9 ( thay […]<\/p>","protected":false},"featured_media":5974,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[72],"product_tag":[],"class_list":{"0":"post-4329","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-nguyen-lieu-cong-nghiep","8":"first","9":"instock","10":"shipping-taxable","11":"product-type-simple"},"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product\/4329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/types\/product"}],"version-history":[{"count":5,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product\/4329\/revisions"}],"predecessor-version":[{"id":30324,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product\/4329\/revisions\/30324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/5974"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=4329"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product_brand?post=4329"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product_cat?post=4329"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/product_tag?post=4329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}