A long position in a futures contract refers to the: contract buyer. contract seller. date on which the transaction is to occur. commodity or financial instrument being traded. futures exchange through which the contract is managed. Use this information to answer the next three questions Contract Des. Cocoa 10 metric tons, $ per ton Mar, Orange juice, 15,000 lbs. per lb Reference: 14_01 High Low Close Chg 1,506 1,482 1,501 3 132.42 130.89 132.41 -03 Lifetime High Low 1,619 1,462 132.42 119.03 What is today's settlement price on orange juice? $132.42 per pound $1.3241 per 15,000 pounds $1.3241 per pound $1.3242 per pound $13241 per 15,000 pounds