A trader buys two September futures contracts on orange juice when the futures price is 160 cents per lb. of orange juice. Each contract is for the delivery of 15,000 lbs. of the orange juice. How much does the trader lose or gain if the orange juice price at the end of the contract is 162 cents per pound?

		US$6000 profit
		US$6000 loss.
		US$600 loss
		US$600 profit