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a) Soybean oil is big business! Soybean oil is extracted from the seeds of the soybean. It is one of the most widely consumed cooking

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a) Soybean oil is big business! Soybean oil is extracted from the seeds of the soybean. It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. You believe demand for Soybean oil will continue to grow in the future. You decide to buy some Soybean futures that you will sell at a future date for a big profit. You check online and soybean futures for delivery one year from today are quoted at 1368'6. The contract size is 60,000 pounds. What is the market value of 3 contracts? (show your calculations). b) Margin requirements are 12%. How much capital must you put down to make this transaction

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