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Contract Month March May July September Corn 5 , 0 0 0 bushels High LoW 4 5 7 . 0 0 0 4 5 1

Contract Month
March
May
July
September
Corn 5,000 bushels
High
LoW
457.000
451.750
468.000
463.000
477.500
472.500
475.500
471.750
Open
455.125
467.00e
477.000
475.000
Settle
452.000
463.250
473.000
472.250
Change
-2.750
-2.750
-2.000
-2.000
Open Interest
597,913
137,547
153,164
29,258
Suppose you buy 15 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this
contract is 462.125, and you close out your position. Calculate your dollar profit on this investment.

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