FIGURE 14.1 Futures Prices (April 10, 2019) Open Interest Settle Chg Contract Open High hilo Low Cotton ICE-US)-50,000 lbs. cents perib M 78.18 78 35 77.32 July 79.73 78.94 78.09 Orange Juice (ICE-US-15,000 lbs, cents per lb. Myy 108.90199.80 10820 July 113.70 114.35 111.85 77.62 7846 - 47 -.01 51,151 B1.051 10R 50 112 20 20 -1.95 10,496 7.078 Interest Rate Futures Treasury Bonds (CBT) $100,000; pts 32nds of 100% June 147-280 148-170 147-230 148-070 7.0 941,582 Treasury Notes (CBT) $100.000, pis 32nds of 100% Jura 123-190 123-295 123-170 123255 5.0 3.920,906 Sept 123-305 124-040 123-270 124-015 6.0 2,121 5. Treasury Notes (CBT)-$100,000, pts 32nds of 100% Jurid 115 160 115 230 116 117 115 202 3.5 4.272.721 Sept 1 15-220 115.252 115-202 115-240 4.0 41,922 2. Treasury Notes (CBT)-$200,000; pts 32nds of 100% June 10G 123 106 147 106 122 106 106 1.0 3.407,266 30 Day Federal Funds (CBT) $5,000,000;100-daily avg. Aurt 97.590 97.693 97.590 97.590 -.002 222,888 May 97 600 97.600 97.595 97.595 - 095 264,957 10 Yr. Del. Int. Rate Swaps (CBT) $100,000pts 32nds of 100% June 101.10G 101.792 10-1.100 101.641 .198 19,922 1 Month Libor (CME-$1300,000; pts of 100% ; April 97.5225 15 Eurodollar (CME)-S1000,000; pts of 100% Apni 97 4275 97.4275 97.4100 97.4175 - 0125 225,824 luna 97.4450 97 4550 97.4400 97.4450 0050 1.459,756 Sept 97.4850 97 5050 97.4850 97.4950 1.385.215 Duc 97.5050 97590 97.5050 97.5200 0050 1.653,693 . 9015 .9059 0010 0000 2.490 161,102 7506 1061.50 -) Futures Contracts | WSJ.com/commodities Metal & Petroleum Futures Contract : Open High hilo Low Settle Chg Interest Copper-High CMX) 25.000 lbs.: $ per April 2.9225 -0.0090 1.261 May 2.9325 2.9425 2.9110 2.9255 -0.0085 52,345 Gold (CMX) 100 troy : $ por troy oz. Apri 1304.00 1304.00 1301.501309.10 5.60 325 June 1308.201314 70 1304 70 1313.00 5.60 331,311 Aun 1314.50 1320.70 1311.00 1319.90 5.60 50,769 Dec 1326.50 1332.20 1322.80 1331.90 5.60 36,080 Feb 20 1329.90 1337.90 1329.90 1337.90 5.50 11.597 Apri 1337.30 1343.10 1334.80 1343.60 5.50 6,985 Palladium INYM) 50 troy oz. $ per troy 02. April 1366.40 0.60 1 June 136260 1871.50 1355.00 1363.20 0.60 19,677 Sept 1356401361.70 1349.20 1356.80 1.40 2,205 Platinum (NYM) 50 troy oz: S per troy Dz. Apri 90000 900.DO 900.00 903.20 9.30 67 July 896 10 912.80 890.50 908.90 9.60 69,489 Silver CMX-5.000 troy 02.: $ per tray az Apri 15.170 15.205 15095 15.201 0033 16 May 15.185 15.205 15.115 15.244 0.033 117,796 Crude Oil Light Swoot (NYM)-1000 bbs.; $ por bl. May 642 64,70 64.05 64.61 2.63 280 172 June 64 20 64.71 A 64.01 64.65 0.69 321,402 July 6412 64.69 A 63.93 64.67 0.76 180,217 Sept 63.72 64.40 A 63.55 64.38 0.82 154.891 Dec 6273 63.17 A 62.57 63.46 0.81 199,532 Dec'20 58.73 59.29 4 53.58 59.28 0.56 118,733 NY Harbor ULSD INYMH-42.000 gals per al May 2.0510 2.0897 A 2.0488 2.0876 _0427 90,825 June 2.0575 2.0010 A 20520 2.0892 0412 79.735 Gasoline NY RBOB (NYMI 42.000 G: $ par gal. May 2.0105 2.0TD24 2.0105 2.0692 0702 108,354 1.9850 2.0307 4 1.9806 2.0297 0598 103 754 Natural Gas (NYM-10.000 MMBtu: S per Mietu. May 2.705 2.779 2.686 2.700 001 187,831 June 2.749 2768 2726 2.742 003 167.629 July 2.905 2821 2786 2.901 003125,841 Aug 2.832 2849 2813 2.827 001 71,485 Sept 2.827 29413 2808 2.921 114,545 Oct 2.849 2.851 2829 2.842 001 95,014 Agriculture Futures Corn (CET) 5,000 bucents per bu May 360 25 362.75 360.00 361.75 1.75 553.142 July 368.75 371.25 368.75 370.75 2.25 556.095 Oats (CBT)-5,000 bucants per bu. May 28200 282.00 277.00 279.00 -2.25 3.102 July 274.25 274,25 209.75 272.75 -1.00 1,875 Soybeans (CBT) 5.000 bu.; conts per bu. May R98 75 903.75 8.97.25 902.00 3.25 267.825 July 91150917.00 910.25 915.25 3.50 261,722 Soybean Maal (CBT)-100 tons-parton May 20910 311.00 308.50 310.10 1.00 142 987 July 312.80 214.70 313.80 1.00 149.225 Soybean Oll(CBT)-60,000 lbs-cents per la May 29.02 29.11 29.01 29.07 .03 127.962 July 29.31 29.41 29.12 29.38 .03 158 428 Rough RICA CBT-2000 cw: Sper cwb May 103200 1041.50 1021.50 1023.50 -5.50 5,281 July 1042.00 1048.50 -2.50 2.162 Wheat CBT-500g bu.cents per bu May 45900 461.75 455.50 458.00 -1.50 158.124 JUY 16375 464,75 460.00 461.50 -2.50 171 832 Wheat (KC) 5000 bu.; conts per bu. May 12675 430.00 121.50 426.25 -1.25 112,401 July 433.50 430.25 431.50 432.75 -2.25 125.262 Wheat (MPLS)-5000 bu., cents per bu. May 523.00 533.50 523.00 530.25 7.25 21.552 Juy 53100 541.25 531.00 537.00 5.75 21,816 Cattle-Feeder CME).50,000 lbs: cents perib April 145.850 145 925 145.00 145,175 -975 3,781 Aug 157.600 157.750 156450 157.025 -.575 18 169 Apri 125.825 126 325 125 375 125.875 -925 23,376 June 120, 150 120 350 119 600 119,950 400 198,207 Hogs-LAAN CME) 40,000 lbs., cants par ib. Apri 78.750 79.125 78.675 78.900 375 13,520 June 91.000 97.325 93.525 96.450 1.300 82.006 Lumber (CME)-110.000 bd it. $ per 1.000 bd.tt May 14230 311.80 336.00 342.00 2.10 1.880 Juy 348.10 7 340.00 345.00 .70 1.016 MIIK (CME)-200,000 lbs: cents per a April 15 94 15.99 A 15.37 15.97 .02 3.396 May 1584 15.06 A 15.14 15.92 07 3,878 Cocoa ICE-US-10 metrictans, $ pertan. May 2.939 2449 2421 2.943 21,910 Juy 2,418 2.425 2399 2,423 5 5 88143 Coffee ICE-US)-37,500 lbs: cents per ib. May 937594 94.50 93.10 94.25 .60 90.442 July 9620 96.95 95.60 96.75 65 115, 156 Sugar World (ICE-US/ 112,000 lbs: cents per lb. May 1278 12.83 12.70 12.81 .03 230.257 July 1290 12.99 12.84 12.98 .09 299,102 Sugar Domestic ICE-US)-112,000 lbs, cents per 15. July 2699 27.00 25.99 27.00 39 2.750 Sept 26 65 26.96 26.55 27.10 .44 2.456 7507 .7518 0001 1.031 141,631 1.3087 1.3128 0041 0041 815 139,407 1.0038 - 0031 1.0123 - 0032 74,074 48 Currency Futures Japanese Yen CME).Y12,500,000 $ per 100Y Apni .8990 9016 .8992 June 9047 9070 .9034 Canadian Dollar (CME-CAD 1000,000; $ per CAD Apni 7508 .7505 June 7514 7578 7497 British Pound (CME- 62,500 $ perc Anni 1.3054 13118 1.3052 June 1.3097 1.3165 1.3093 Swiss Franc (CME) CHF 125,500; $ par CHF June 1.00G 10075 1.0030 Sept 1.0122 10130 1.0117 Australian Dollar (CME AUD 100,000: $ per AUD April 71167164 .7116 May .7127 .7179 .7117 June 7133 7185 7120 Sept 7146 7196 7140 Dec .7176 .7187 .7126 March 20 7172 7172 .7163 Mexican Peso (CME)-MXN 500,000: $ por MXN Apni 05272 05272 05272 juna 05226 05259 05222 Euro (CMEVE 125.000: $ pere April 1.1271 1.1292 1.1241 June 1.137 1 1360 1.1234 312 20 .7167 .7171 7176 7189 7203 .7216 0042 0012 0042 0041 0041 0041 255 312 144,937 670 203 73 05303 .00026 05251 00026 39 234,619 pa 1.1276 1.1336 0003 0003 2,387 478 245 26166 8 78,512 2894 50 11.90 20.136 2894.50 2899 50 12.00 2.531,776 12.00 19,300 Index Futures Mini DJ Industrial Average (CBT)-$5 x Index $ June 26144 26233 25107 S&P 500 Index (CME) $250 x Index June 2883.00 2895.50 A 2383.00 Mini S&P 500 (CME)-$50 x Index Jure 2982.00 2895.75 2878.00 Sepi 2887.75 290100 2883.50 Mini S&P Midcap 400 CME) $100 x Index June 1932.20 1951.50 1929.00 Mini Nasdaq 100 (CME) $20 x Index June 7590.5 75450 A 7575.8 Mini Russell 2000 (ICE.US-$100 x Index June 1564.50 1536 50 1562.10 Mini Russell 1000 (ICE US $100 x Index June 1599.70 1603.40 1598.40 US Dollar Index (CE US)-S1000 x Index Juna 96.60 0684 96.41 1949.40 18.30 63,577 7641.3 480 200,115 1585 80 21.10 435,857 1603 00 6.30 3,979 96 56 05 49.480 Sources. The Wall Street Journal April 11. 2019, Dow Jones & Company, Inc and SIX Financial Information Using Figure 14.1, answer the following questions: a. What was the settle price for April 2019 Milk futures on this date? What is the total dollar value of this contract at the close of trading for the day? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to 2 decimal places.) Settle price Dollar value b. What was the settle price for December 2019 gold futures on this date? If you held 105 contracts, what is the total dollar value of your futures position? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to the nearest whole number.) Settle price Dollar value C-1. Suppose you held an open position of 40 June 2019 mini S&P 500 futures on this day. What is the change in the total dollar value of your position for this day's trading? (A negative value should be indicated by a minus sign.) Dollar value FIGURE 14.1 Futures Prices (April 10, 2019) Open Interest Settle Chg Contract Open High hilo Low Cotton ICE-US)-50,000 lbs. cents perib M 78.18 78 35 77.32 July 79.73 78.94 78.09 Orange Juice (ICE-US-15,000 lbs, cents per lb. Myy 108.90199.80 10820 July 113.70 114.35 111.85 77.62 7846 - 47 -.01 51,151 B1.051 10R 50 112 20 20 -1.95 10,496 7.078 Interest Rate Futures Treasury Bonds (CBT) $100,000; pts 32nds of 100% June 147-280 148-170 147-230 148-070 7.0 941,582 Treasury Notes (CBT) $100.000, pis 32nds of 100% Jura 123-190 123-295 123-170 123255 5.0 3.920,906 Sept 123-305 124-040 123-270 124-015 6.0 2,121 5. Treasury Notes (CBT)-$100,000, pts 32nds of 100% Jurid 115 160 115 230 116 117 115 202 3.5 4.272.721 Sept 1 15-220 115.252 115-202 115-240 4.0 41,922 2. Treasury Notes (CBT)-$200,000; pts 32nds of 100% June 10G 123 106 147 106 122 106 106 1.0 3.407,266 30 Day Federal Funds (CBT) $5,000,000;100-daily avg. Aurt 97.590 97.693 97.590 97.590 -.002 222,888 May 97 600 97.600 97.595 97.595 - 095 264,957 10 Yr. Del. Int. Rate Swaps (CBT) $100,000pts 32nds of 100% June 101.10G 101.792 10-1.100 101.641 .198 19,922 1 Month Libor (CME-$1300,000; pts of 100% ; April 97.5225 15 Eurodollar (CME)-S1000,000; pts of 100% Apni 97 4275 97.4275 97.4100 97.4175 - 0125 225,824 luna 97.4450 97 4550 97.4400 97.4450 0050 1.459,756 Sept 97.4850 97 5050 97.4850 97.4950 1.385.215 Duc 97.5050 97590 97.5050 97.5200 0050 1.653,693 . 9015 .9059 0010 0000 2.490 161,102 7506 1061.50 -) Futures Contracts | WSJ.com/commodities Metal & Petroleum Futures Contract : Open High hilo Low Settle Chg Interest Copper-High CMX) 25.000 lbs.: $ per April 2.9225 -0.0090 1.261 May 2.9325 2.9425 2.9110 2.9255 -0.0085 52,345 Gold (CMX) 100 troy : $ por troy oz. Apri 1304.00 1304.00 1301.501309.10 5.60 325 June 1308.201314 70 1304 70 1313.00 5.60 331,311 Aun 1314.50 1320.70 1311.00 1319.90 5.60 50,769 Dec 1326.50 1332.20 1322.80 1331.90 5.60 36,080 Feb 20 1329.90 1337.90 1329.90 1337.90 5.50 11.597 Apri 1337.30 1343.10 1334.80 1343.60 5.50 6,985 Palladium INYM) 50 troy oz. $ per troy 02. April 1366.40 0.60 1 June 136260 1871.50 1355.00 1363.20 0.60 19,677 Sept 1356401361.70 1349.20 1356.80 1.40 2,205 Platinum (NYM) 50 troy oz: S per troy Dz. Apri 90000 900.DO 900.00 903.20 9.30 67 July 896 10 912.80 890.50 908.90 9.60 69,489 Silver CMX-5.000 troy 02.: $ per tray az Apri 15.170 15.205 15095 15.201 0033 16 May 15.185 15.205 15.115 15.244 0.033 117,796 Crude Oil Light Swoot (NYM)-1000 bbs.; $ por bl. May 642 64,70 64.05 64.61 2.63 280 172 June 64 20 64.71 A 64.01 64.65 0.69 321,402 July 6412 64.69 A 63.93 64.67 0.76 180,217 Sept 63.72 64.40 A 63.55 64.38 0.82 154.891 Dec 6273 63.17 A 62.57 63.46 0.81 199,532 Dec'20 58.73 59.29 4 53.58 59.28 0.56 118,733 NY Harbor ULSD INYMH-42.000 gals per al May 2.0510 2.0897 A 2.0488 2.0876 _0427 90,825 June 2.0575 2.0010 A 20520 2.0892 0412 79.735 Gasoline NY RBOB (NYMI 42.000 G: $ par gal. May 2.0105 2.0TD24 2.0105 2.0692 0702 108,354 1.9850 2.0307 4 1.9806 2.0297 0598 103 754 Natural Gas (NYM-10.000 MMBtu: S per Mietu. May 2.705 2.779 2.686 2.700 001 187,831 June 2.749 2768 2726 2.742 003 167.629 July 2.905 2821 2786 2.901 003125,841 Aug 2.832 2849 2813 2.827 001 71,485 Sept 2.827 29413 2808 2.921 114,545 Oct 2.849 2.851 2829 2.842 001 95,014 Agriculture Futures Corn (CET) 5,000 bucents per bu May 360 25 362.75 360.00 361.75 1.75 553.142 July 368.75 371.25 368.75 370.75 2.25 556.095 Oats (CBT)-5,000 bucants per bu. May 28200 282.00 277.00 279.00 -2.25 3.102 July 274.25 274,25 209.75 272.75 -1.00 1,875 Soybeans (CBT) 5.000 bu.; conts per bu. May R98 75 903.75 8.97.25 902.00 3.25 267.825 July 91150917.00 910.25 915.25 3.50 261,722 Soybean Maal (CBT)-100 tons-parton May 20910 311.00 308.50 310.10 1.00 142 987 July 312.80 214.70 313.80 1.00 149.225 Soybean Oll(CBT)-60,000 lbs-cents per la May 29.02 29.11 29.01 29.07 .03 127.962 July 29.31 29.41 29.12 29.38 .03 158 428 Rough RICA CBT-2000 cw: Sper cwb May 103200 1041.50 1021.50 1023.50 -5.50 5,281 July 1042.00 1048.50 -2.50 2.162 Wheat CBT-500g bu.cents per bu May 45900 461.75 455.50 458.00 -1.50 158.124 JUY 16375 464,75 460.00 461.50 -2.50 171 832 Wheat (KC) 5000 bu.; conts per bu. May 12675 430.00 121.50 426.25 -1.25 112,401 July 433.50 430.25 431.50 432.75 -2.25 125.262 Wheat (MPLS)-5000 bu., cents per bu. May 523.00 533.50 523.00 530.25 7.25 21.552 Juy 53100 541.25 531.00 537.00 5.75 21,816 Cattle-Feeder CME).50,000 lbs: cents perib April 145.850 145 925 145.00 145,175 -975 3,781 Aug 157.600 157.750 156450 157.025 -.575 18 169 Apri 125.825 126 325 125 375 125.875 -925 23,376 June 120, 150 120 350 119 600 119,950 400 198,207 Hogs-LAAN CME) 40,000 lbs., cants par ib. Apri 78.750 79.125 78.675 78.900 375 13,520 June 91.000 97.325 93.525 96.450 1.300 82.006 Lumber (CME)-110.000 bd it. $ per 1.000 bd.tt May 14230 311.80 336.00 342.00 2.10 1.880 Juy 348.10 7 340.00 345.00 .70 1.016 MIIK (CME)-200,000 lbs: cents per a April 15 94 15.99 A 15.37 15.97 .02 3.396 May 1584 15.06 A 15.14 15.92 07 3,878 Cocoa ICE-US-10 metrictans, $ pertan. May 2.939 2449 2421 2.943 21,910 Juy 2,418 2.425 2399 2,423 5 5 88143 Coffee ICE-US)-37,500 lbs: cents per ib. May 937594 94.50 93.10 94.25 .60 90.442 July 9620 96.95 95.60 96.75 65 115, 156 Sugar World (ICE-US/ 112,000 lbs: cents per lb. May 1278 12.83 12.70 12.81 .03 230.257 July 1290 12.99 12.84 12.98 .09 299,102 Sugar Domestic ICE-US)-112,000 lbs, cents per 15. July 2699 27.00 25.99 27.00 39 2.750 Sept 26 65 26.96 26.55 27.10 .44 2.456 7507 .7518 0001 1.031 141,631 1.3087 1.3128 0041 0041 815 139,407 1.0038 - 0031 1.0123 - 0032 74,074 48 Currency Futures Japanese Yen CME).Y12,500,000 $ per 100Y Apni .8990 9016 .8992 June 9047 9070 .9034 Canadian Dollar (CME-CAD 1000,000; $ per CAD Apni 7508 .7505 June 7514 7578 7497 British Pound (CME- 62,500 $ perc Anni 1.3054 13118 1.3052 June 1.3097 1.3165 1.3093 Swiss Franc (CME) CHF 125,500; $ par CHF June 1.00G 10075 1.0030 Sept 1.0122 10130 1.0117 Australian Dollar (CME AUD 100,000: $ per AUD April 71167164 .7116 May .7127 .7179 .7117 June 7133 7185 7120 Sept 7146 7196 7140 Dec .7176 .7187 .7126 March 20 7172 7172 .7163 Mexican Peso (CME)-MXN 500,000: $ por MXN Apni 05272 05272 05272 juna 05226 05259 05222 Euro (CMEVE 125.000: $ pere April 1.1271 1.1292 1.1241 June 1.137 1 1360 1.1234 312 20 .7167 .7171 7176 7189 7203 .7216 0042 0012 0042 0041 0041 0041 255 312 144,937 670 203 73 05303 .00026 05251 00026 39 234,619 pa 1.1276 1.1336 0003 0003 2,387 478 245 26166 8 78,512 2894 50 11.90 20.136 2894.50 2899 50 12.00 2.531,776 12.00 19,300 Index Futures Mini DJ Industrial Average (CBT)-$5 x Index $ June 26144 26233 25107 S&P 500 Index (CME) $250 x Index June 2883.00 2895.50 A 2383.00 Mini S&P 500 (CME)-$50 x Index Jure 2982.00 2895.75 2878.00 Sepi 2887.75 290100 2883.50 Mini S&P Midcap 400 CME) $100 x Index June 1932.20 1951.50 1929.00 Mini Nasdaq 100 (CME) $20 x Index June 7590.5 75450 A 7575.8 Mini Russell 2000 (ICE.US-$100 x Index June 1564.50 1536 50 1562.10 Mini Russell 1000 (ICE US $100 x Index June 1599.70 1603.40 1598.40 US Dollar Index (CE US)-S1000 x Index Juna 96.60 0684 96.41 1949.40 18.30 63,577 7641.3 480 200,115 1585 80 21.10 435,857 1603 00 6.30 3,979 96 56 05 49.480 Sources. The Wall Street Journal April 11. 2019, Dow Jones & Company, Inc and SIX Financial Information Using Figure 14.1, answer the following questions: a. What was the settle price for April 2019 Milk futures on this date? What is the total dollar value of this contract at the close of trading for the day? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to 2 decimal places.) Settle price Dollar value b. What was the settle price for December 2019 gold futures on this date? If you held 105 contracts, what is the total dollar value of your futures position? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to the nearest whole number.) Settle price Dollar value C-1. Suppose you held an open position of 40 June 2019 mini S&P 500 futures on this day. What is the change in the total dollar value of your position for this day's trading? (A negative value should be indicated by a minus sign.) Dollar value