MRCI Logo
MRCI's Futures Highlight - EuroFX(CME)

MRC Logo
MRCI's Futures Highlight - Sugar #11(ICE)

MRCI hopes this profile of the ICE Sugar #11 futures contract, with its statistics and feature studies, will help you derive wise trading decisions from its presentation of long-term perspective, computer analysis, and historical background. This additional history is designed to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly and monthly charts on this page depict prices for nearby contracts, which most closely reflect the underlying cash market.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the ICE Sugar #11 futures. The average range for each day of the week in each year and overall has been computed for purposes of comparison and further insight into the dynamics of this market.

MRCI's Nearby Futures Range Detail for Sugar #11(ICE)
from 1/1976 - 3/2024
Calendar
Year
Monday
Avg Rng
Tuesday
Avg Rng
Wednesday
Avg Rng
Thursday
Avg Rng
Friday
Avg Rng
Yearly
Avg Rng
1976 0.34($383) 0.36($401) 0.34($383) 0.37($409) 0.30($337) 0.34($383)
1977 0.25($283) 0.21($237) 0.22($246) 0.20($223) 0.20($223) 0.22($242)
1978 0.20($219) 0.19($208) 0.20($226) 0.19($211) 0.18($199) 0.19($213)
1979 0.28($308) 0.26($289) 0.25($277) 0.27($297) 0.28($310) 0.26($296)
1980 1.60($1789) 1.57($1757) 1.45($1626) 1.69($1893) 1.59($1782) 1.58($1768)
1981 0.75($840) 0.67($748) 0.70($783) 0.75($836) 0.69($772) 0.71($795)
1982 0.28($315) 0.29($320) 0.29($327) 0.27($305) 0.28($316) 0.28($317)
1983 0.40($453) 0.38($429) 0.36($400) 0.36($401) 0.33($364) 0.36($409)
1984 0.21($234) 0.20($225) 0.20($220) 0.20($220) 0.20($219) 0.20($223)
1985 0.20($225) 0.19($207) 0.20($222) 0.19($215) 0.21($234) 0.20($221)
1986 0.29($320) 0.33($367) 0.28($314) 0.28($311) 0.26($294) 0.29($322)
1987 0.21($239) 0.25($284) 0.22($249) 0.22($244) 0.24($269) 0.23($257)
1988 0.43($481) 0.46($515) 0.40($446) 0.38($430) 0.40($446) 0.41($463)
1989 0.38($425) 0.37($411) 0.40($451) 0.41($455) 0.38($428) 0.39($434)
1990 0.34($379) 0.31($345) 0.32($361) 0.32($359) 0.32($353) 0.32($359)
1991 0.25($284) 0.20($225) 0.24($274) 0.23($260) 0.23($255) 0.23($259)
1992 0.20($228) 0.21($232) 0.20($227) 0.21($236) 0.19($211) 0.20($227)
1993 0.32($355) 0.31($345) 0.29($320) 0.28($316) 0.30($332) 0.30($333)
1994 0.24($273) 0.26($292) 0.22($250) 0.23($262) 0.24($266) 0.24($269)
1995 0.26($292) 0.27($302) 0.27($297) 0.24($269) 0.27($301) 0.26($292)
1996 0.20($222) 0.24($269) 0.19($207) 0.20($226) 0.21($241) 0.21($233)
1997 0.15($166) 0.14($162) 0.17($190) 0.17($192) 0.16($175) 0.16($177)
1998 0.22($243) 0.24($274) 0.24($263) 0.21($236) 0.21($240) 0.22($252)
1999 0.23($262) 0.23($257) 0.23($254) 0.20($224) 0.23($253) 0.22($250)
2000 0.27($301) 0.23($259) 0.26($288) 0.26($291) 0.27($307) 0.26($289)
2001 0.23($260) 0.22($251) 0.21($232) 0.20($228) 0.21($237) 0.22($241)
2002 0.22($241) 0.22($244) 0.20($221) 0.20($229) 0.20($219) 0.21($231)
2003 0.20($219) 0.17($194) 0.17($193) 0.19($217) 0.19($213) 0.18($207)
2004 0.19($213) 0.17($193) 0.19($213) 0.18($197) 0.18($207) 0.18($205)
2005 0.20($228) 0.20($222) 0.18($204) 0.20($227) 0.19($209) 0.19($218)
2006 0.48($542) 0.42($466) 0.43($484) 0.45($502) 0.41($459) 0.44($490)
2007 0.25($277) 0.24($273) 0.21($236) 0.25($275) 0.23($259) 0.24($264)
2008 0.55($615) 0.48($537) 0.49($551) 0.55($611) 0.52($577) 0.52($577)
2009 0.63($706) 0.62($696) 0.59($661) 0.66($741) 0.69($776) 0.64($715)
2010 0.94($1049) 1.02($1140) 0.93($1047) 1.08($1213) 1.08($1214) 1.01($1133)
2011 0.89($995) 1.00($1118) 1.09($1220) 1.17($1314) 1.06($1191) 1.05($1172)
2012 0.48($533) 0.56($623) 0.54($606) 0.58($651) 0.54($607) 0.54($605)
2013 0.30($339) 0.27($302) 0.27($299) 0.30($330) 0.29($324) 0.28($318)
2014 0.38($425) 0.35($396) 0.37($409) 0.36($399) 0.35($388) 0.36($403)
2015 0.36($398) 0.40($445) 0.36($401) 0.38($424) 0.38($427) 0.37($419)
2016 0.53($599) 0.54($603) 0.54($610) 0.61($681) 0.55($618) 0.56($622)
2017 0.46($510) 0.46($511) 0.42($469) 0.46($517) 0.43($485) 0.44($498)
2018 0.37($409) 0.31($350) 0.35($390) 0.32($359) 0.32($356) 0.33($373)
2019 0.27($305) 0.26($288) 0.25($281) 0.24($274) 0.24($268) 0.25($283)
2020 0.43($482) 0.35($389) 0.36($405) 0.37($411) 0.37($411) 0.37($419)
2021 0.44($496) 0.46($518) 0.42($474) 0.47($530) 0.43($477) 0.45($499)
2022 0.39($433) 0.44($490) 0.38($430) 0.40($444) 0.42($469) 0.41($454)
2023 0.65($726) 0.61($688) 0.63($703) 0.71($795) 0.65($728) 0.65($728)
2024 0.64($712) 0.66($737) 0.67($754) 0.67($748) 0.60($673) 0.65($726)

What other characteristics do ICE Sugar #11 futures exhibit for various days of the week? We ran various studies for the last 180 calendar days of trading prior to trading prior to expiration for each contract.

MRCI's Nearby Futures Summary for Sugar #11(ICE)
from 1/1976 - 3/2024
Summary
Item
Monday
Summary
Tuesday
Summary
Wednesday
Summary
Thursday
Summary
Friday
Summary
Yearly
Summary
Range 0.38($429) 0.38($424) 0.37($417) 0.39($437) 0.38($424) 0.38($426)
Closed Up 1055(46%) 1157(47%) 1242(50%) 1198(49%) 1188(50%) 5840(48%)
Closed Dn 1184(52%) 1267(51%) 1206(48%) 1176(48%) 1149(48%) 5982(49%)
Closed Uchg 42(2%) 58(2%) 47(2%) 68(3%) 54(2%) 269(2%)
Gapped up 265(12%) 273(11%) 247(10%) 261(11%) 258(11%) 1304(11%)
Un-filled Gaps Up 103(39%) 89(33%) 91(37%) 99(38%) 89(34%) 471(36%)
Gapped Down 361(16%) 394(16%) 380(15%) 304(12%) 279(12%) 1718(14%)
Un-filled Gaps Down 133(37%) 113(29%) 111(29%) 68(22%) 68(24%) 493(29%)

Daily Percent Change Summary for Sugar #11(ICE)

UNCH
>0%-
<1%
+1%-
<2%
+2%-
<3%
+3%-
<4%
+4%-
<5%
+5%-
<6%
+6%-
<7%
+7%-
<8%
+8%-
<9%
+9%-
<10%
+10%-
<20%

>+20%
269 2388 1603 937 453 233 99 52 30 19 13 13 0
<0%-
>-1%
-1%-
>-2%
-2%-
>-3%
-3%-
>-4%
-4%-
>-5%
-5%-
>-6%
-6%-
>-7%
-7%-
>-8%
-8%-
>-9%
-9%-
>-10%
-10%-
>-20%

<-20%
2514 1692 907 415 215 121 49 36 15 7 11 0

The table below represents yearly low, high, last yield in the cash market for the ICE Sugar #11 futures contracts. Quotes are from daily cash market price activity.

Sugar: cane raw world fob - Nov 30, 2021
  Period Low(Jan-Dec) Period High(Jan-Dec) Last Day Average
Year Date Price Date Price Date Price Price
2020 04/27/2020 9.21 02/12/2020 15.78 12/31/2020 15.49 12.88
2019 09/12/2019 10.76 12/19/2019 13.55 12/31/2019 13.42 12.35
2018 09/26/2018 9.90 01/02/2018 15.33 12/31/2018 12.03 12.24
2017 06/28/2017 12.55 02/06/2017 21.18 12/29/2017 15.16 15.78
2016 02/19/2016 12.52 10/05/2016 23.81 12/30/2016 19.51 18.21
2015 08/24/2015 10.39 01/21/2015 15.92 12/31/2015 15.24 13.12
2014 09/19/2014 13.50 03/06/2014 18.32 12/31/2014 14.52 16.33
2013 12/18/2013 15.89 01/02/2013 19.69 12/31/2013 16.41 17.47
2012 12/12/2012
12/13/2012
18.54 02/27/2012 26.50 12/31/2012 19.51 21.56
2011 12/15/2011 22.75 02/02/2011 38.91 12/30/2011 23.30 29.61
2010 05/07/2010 18.07 11/09/2010 39.65 12/31/2010 36.15 27.07
2009 01/13/2009 12.36 12/28/2009 27.76 12/31/2009 27.45 18.80
2008 05/22/2008
05/23/2008
11.54 03/03/2008 16.70 12/31/2008 12.75 13.83
2007 05/16/2007 10.41 12/21/2007
12/24/2007
13.22 12/31/2007 13.02 11.60
2006 09/25/2006 11.36 02/03/2006 20.46 12/29/2006 12.80 15.45
2005 05/13/2005
05/16/2005
05/17/2005
9.89 12/29/2005 16.03 12/30/2005 15.98 11.39
2004 02/09/2004 6.22 12/29/2004 10.49 12/31/2004 10.45 8.65
2003 12/23/2003 6.33 02/10/2003 9.60 12/31/2003 6.35 7.49
2002 02/26/2002 6.30 11/06/2002 9.43 12/31/2002 8.42 7.89
2001 10/09/2001
10/10/2001
6.76 01/09/2001 10.99 12/31/2001 7.96 9.11
2000 02/28/2000 5.17 10/16/2000 11.84 12/29/2000 10.64 8.54
1999 04/28/1999 4.79 01/11/1999 9.33 12/30/1999 6.13 6.51
1998 09/18/1998 7.56 01/05/1998 12.56 12/31/1998 8.54 9.65
1997 01/22/1997 10.66 11/11/1997 13.46 12/31/1997 12.70 12.07
1996 09/27/1996 11.04 03/19/1996 13.53 12/31/1996 11.82 12.24
1995 11/09/1995 11.66 01/04/1995 15.74 12/29/1995 12.48 13.44
1994 01/19/1994 10.04 12/16/1994 15.29 12/30/1994 15.02 12.16
1993 02/08/1993 7.85 05/14/1993 12.93 12/30/1993 10.52 10.05
1992 02/12/1992 7.85 06/17/1992 11.16 12/31/1992 8.23 9.09
1991 04/30/1991 7.58 07/18/1991 10.72 12/31/1991 9.04 9.04

Copyright © 2024 Moore Research Center, Inc. All Rights Reserved.
www.mrci.comsales@mrci.com
Phone: 541-525-0521