Case 3 A broker signed a forward contract with a far mer to buy 10000 tons corn in Jul. The terms of this forward contract are e in Oct. and the price should be $4.30/ T. To prevent the price fluctuation in future, the broke made a futures-market hedge by buying 10000 tons of corn futures contract in Jul. at the price of $4.5/T. At the end of Oct, the corn's market price is falling to $4.2/T, the broker sells the corns to another buyer at price of $4.2IT, suffering $1000 loss. In futures market, the broke makes a hedge by selling the contract at the price of $4.3/T, suffering $2000 loss. What mistake did the broker make? If the broker did the right operation, please calculate the broker's profit or loss in the forward-market and futures-market separately and calculate the broker's overall revenue