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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
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
CHG: -16
OPEN: 3750
HIGH: 3904
Low : 3742
Volume: 5670
OPEN INT: 134965
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