Calculate the gains or losses for the following futures trades executed on the ICE:

(a)    Suppose you enter into a long position on one contract on March 2021 White Sugar Futures at a futures price of _F0 = 333_.60. One month later, you close out your position by entering into a one contract short position at _F1 = 336_.20.

(b)  You enter into a 5 contract short position on 5 May 2021 Cotton No.2 Futures contracts at _F0 = 66_.53. Five months later, you close out your position at _F5 = 65_.95.

(c)    You are shorting 2 Canola Jul 2021 Futures with a futures price of _F0 = 481_.30. Today, you enter into 5 long positions at a price of _F2 = 494_.30 and in two months you close out your position at _F4 = 498_.30.