2. Consider the futures listing for corn below:

a. Suppose you buy one contract for December 2019 delivery. If the contract closes in December at a price of $3.65 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.)

b. How many December 2019 maturity contracts are outstanding?

MONTH: Dec 19

LAST: 376.4

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OPEN INT: 134965