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Data provided- Suppose you buy 10,000 bushels of corn at 352 cents per bushel on the spot market. Are you long or short corn? After

Data provided- Suppose you buy 10,000 bushels of corn at 352 cents per bushel on the spot market.

Are you long or short corn?

After one day, the spot price changes to 323.49. According to the Profit Equation, what isthe value ofSt, Ko, Qo?How much are your profits now?

I do not understand how to compute MTM

Using the dataset provided, compute the Mark to market (MTM) of your positionfromt= 1 tot= 8 using the data provided on Canvas. What is the MTM fort=1andt=8? Include the unit of measurement.

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