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Contract Open High Low Close Mar, Corn, 5,000 bu, cents/bu 673.95 761.26 608.52 664.52 Mar, Soybean, 5,000 lbs, cents/lb 473.59 520.12 423.8 495.07 You need
Contract | Open | High | Low | Close | |
Mar, Corn, 5,000 bu, cents/bu | 673.95 | 761.26 | 608.52 | 664.52 | |
Mar, Soybean, 5,000 lbs, cents/lb | 473.59 | 520.12 | 423.8 | 495.07 |
You need to purchase 160,000 pounds of soybeans and want to hedge the value against future price changes. Using today's closing price, what is the dollar value of the contracts used to hedge your position (use a positive number for a long hedge and a negative number for a short hedge). Answer should be formatted as a number with 0 decimal places (e.g. 999).
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