FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest 2,109 90,935 211 247,319 Copper-High (CMX) -25,000 Ibs.; $ per lb. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 Dec 1089.10 1094.90 1087.40 1088.10 0.40 Feb'16 1089,90 1095.50 1088.60 1089.10 0.40 April 1091.00 1095.60 1089.50 1089.90 0.40 June 1091.70 1096.60 1090.00 1090.60 0.40 Dec 1098.10 1100.00 1093.20 1093.60 0 .50 Palladium (NYM) -50 troy oz.; $ per troy oz. Nov 671.70 671.70 671.70 596.75 -16.00 102,730 28,444 18,947 14,070 Dec 617.70 621.20 595.00 596.95 -16.00 23,681 March'16 614.95 620.00 596.00 597.45 -16.10 3,781 Platinum (NYM) -50 troy oz.; $ per troy oz. Nov 990.20 990.20 986.70914.40 Jan'16 942.00 943.20 910.30 914.40 -25.20 -25.60 1 63,763 95,144 Jan'16 Silver (CMX)-5,000 troy oz.; $ per troy oz. Nov 15.035 15.045 15.005 14.418 -0.278 Dec 14.730 14.760 14.395 14.413 -0.278 Crude Oil, Light Sweet (NYM)-1,000 bbls.; $ per bbl. Dec 44.52 45.12 43.64 43.87 -0.42 45.62 46.29 44.88 45.12 -0.35 Feb 46.09 47.16 45.80 46.05 -0.28 March 47.194 7.87 46.58 46.84 -0.25 June 48.66 49.45 48.14 48.42 -0.22 Dec 50.65 51.45 50.25 50.54 -0.11 NY Harbor ULSD (NYM) -42,000 gal.; $ per gal. Dec 1.4958 1.5220 1.4745 1.4774 -.0122 Jan'16 1.5121 1.5392 1.4960 1.4985 -.0112 Gasoline-NY RBOB (NYM) - 42,000 gal.; $ per gal: Dec 1.3768 1.4048 1.3662 1.3705 0010 400,803 302,907 109,090 150,438 112,896 150,413 80,808 84,315 92,987 92,590 .0018 Jan'16 1.3557 1.3852 1.3495 1.3549 Natural Gas (NYM) -10,000 MMBtu.; $ per MMBtu. Dec 2.373 2.387 2.274 2.300 Jan '16 2.535 2.544 2.423 2.449 Feb 2.558 2.571 2.453 2.480 March 2.559 2.561 2.449 2_479 April 2.509 2.509 2.414 2.446 2.529 2.529 2.450 2.478 253,091 262,791 66,305 -.071 -.083 - 077 -.069 -.056 -.054 109,844 89,244 36,545 May -6.25 -5.75 550,478 386,290 .25 6,977 4,291 2.25 -1.00 4,324 287,119 Agriculture Futures Corn (CBT)-5,000 bu.; cents per bu. Dec 372.75 375.50 366.50 366.75 March'16 381.25 384.25 375.75 376.00 Oats (CBT)-5,000 bu.; cents per bu. Dec 223.50 226.25 221.25 224.00 March' 16 224.75 225.75 222.25 224.75 Soybeans (CBT)-5,000 bu.; cents per bu. Nov 872.00 877.25 871.25 873.50 Jan'16 867.50 872.00 865.75 866.25 Soybean Meal (CBT)-100 tons; $ per ton. Dec 295.70 297.20 294.60 295.00 Jan'16 294.90 296.30 294.00 294.50 Soybean Oil (CBT)-60,000 Ibs.;cents per lb. Dec 28.03 28.28 27.73 27.77 Jan'16 28.31 28.56 28.02 28.05 Rough Rice (CBT)-2,000 cwt. ; $ per cut: Nov 1200.00 1200.00 1200.00 1179.50 Jan'16 1240.00 1240.00 1190.00 1205.50 Wheat (CBT)-5,000 bu.; cents per bu. Dec 520.50 521.25 501.25 501.75 March'16 523.50 524.25 505.00 505.50 Wheat (KC)-5,000 bu.; cents per bu. Dec 488.75 490.25 472.75 474.00 -.70 -.30 121,379 82,448 -.27 - 27 127,149 98,968 -39.00 -38.50 19 9,282 9,20 157,627 -21.50 -20.00 127,443 -16.25 90,413 57,974 March' 16 503.75 505.50488.75 489.75 -16.00 Dec 24,293 21,402 4,787 16,304 Dec 105,543 69,463 Wheat (MPLS)-5,000 bu.; cents per bu. 517.25 518.50 501.50 504.25 -111.50 March'f6 524.00 527.50 514.00 515.50 -12.00 Cattle-Feeder (CME) -50,000 lbs.; cents per lb. Nov 181.375 181.375 177.125 177.125 -4.500 Jan'16 171.975 171.975 167.525 167.525 -4.500 Cattle-live (CME) - 40,000 lbs.; cents per lb. 134.250 134.275 131.925 131.925 -3.000 Feb'16 136.550 136.650 134.150 134.150 -3.000 Hogs-Lean (CME) -40,000 lbs.; cents per lb. Dec 55.025 55.050 53.100 53.725 -1.275 Feb'16 58.175 58.250 55.725 56.475 -1.825 Lumber (CME) -110,000 bd. ft., $ per 1,000 bd. ft. Nov 247.10 253.00 247.10 252.00 4.10 Jan'16 246.30 247.70 244.60 245.30 -1.40 Milk (CME)-200,000 lbs., cents per lb. 15.61 15.67 15.50 15.51 - 12 Dec 15.60 15.60 15.32 15.42 -.12 71,865 65,171 214 3,053 Nov 4,656 4,496 -28 -30 35,057 89,545 Cocoa (ICE-US)-10 metric tons; $ per ton. Dec 3,228 3,235 3,187 3,209 - March'16 3,233 3,244 3,194 3,216 Coffee (ICE-US)-37,500 Ibs.; cents per lb. 118.05 119.70 116.95 117.75 March'16 121.25 123.10 120.55 121.35 Sugar-World (ICE-US)-112,000 lbs.; cents per lb. March 14.33 14.38 13.93 13.99 14.05 14.05 13.63 13.69 Dec 73,267 .20 64,098 -47 -44 437,990 145,866 May Sugar-Domestic (ICE-US)-112,000 lbs.; cents per lb. Jan 25.45 25.45 25.45 25.45 2,306 March 25.43 25.45 25.43 25.43 -.02 2,049 Cotton (ICE-US)-50,000 lbs.; cents per lb. Dec 61.87 62.07 61.61 61.90 80,755 March'16 62.08 62.29 61.71 62.12 38 82.220 Orange Juice (ICE-US)-15,000 lbs.; cents per lb. Nov 140.80 140.80 138.40 139.25 .90 355 Jan'16 137.85 145.00 137.85 139.40 2.05 9,475 Interest Rate Futures Treasury Bonds (CBT)-$100.000; pts 32nds of 100% Dec 152-160 152-180 151-120 152-030 -7.0 490,949 March'16 151-020 151-040 150-030 150-250 -7.0 4,597 Treasury Notes (CBT)-$100,000; pts 32nds of 100% Dec 126-040 126-040 120- 126-045 125-225 126-010 -0.5 2,549,860 March 16 125-145 125-150 125-010 125-115 -2.0 71,355 5Yr. Treasury Notes (CBT) -$100,000; pts 32nds of 100% Dec 118-235 118-237 118-160 118-225 0.0 2,333,151 March'16 118-052 118-057 117-302 118-045 -0.7 90,032 2Yr. Treasury Notes (CBT) - $200,000; pts 32nds of 100% Dec 109-020 109-030 109-005 109-025 0.7 1,114,756 March 16 108-240 108-257 108-235 108-250 0.7 30,450 30 Day Federal Funds (CBT)-$5.000,000; 100 - daily avg. Nov 99.875 99.878 99.875 99.875 .003 198,276 Jan'16 99.705 99.710 99.700 99.705 ... 201,643 10Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% Dec 101.750 102.031 101.563 102.031 0.063 38,723 1 Month Libor (CME) - $3,000,000; pts of 100% Nov 99.7975 99.7975 99.7975 99.7975 -0025 2,616 Dec 99.6600 99.6600 99.6600 99.6625 .0075 2,217 Eurodollar (CME) - $1,000,000; pts of 100% Nov 99.6275 99.6300 99.6250 99.6275 -.0050 129,797 Dec 99.5550 99.5600 99.5500 99.5550 1,324,998 March'16 99.3800 99.3850 99.3650 99.3850 .0100 1,321,930 Dec 98.8450 98.8700 98.8150 98.8650 .0250 1,339,440 Currency Futures Japanese Yen (CME) - 12,500,000; $ per 100%. Dec 8111 8134 8093 .8127 .0010 226,280 March'16 8135 8156 8116 .8151 .0013 4 ,986 Canadian Dollar (CME)-CAD 100,000; $ per CAD Dec .7516 7547 7511 126,337 March'16 7511 7545 7509 .7527 .0011 2,601 British Pound (CME) - 62,500; $ per Dec 1.5050 1.5124 1.5038 1.5109 .0073 164,637 March'16 1.5059 1.5127 1.5059 1.5114 .0076 1,511 Swiss Franc (CME) -CHF 125,000; $ per CHF Dec 9952 1.0012 9 948 9977 .0028 58,359 March'16 1.000 1.0054 1.0001 1.0025 .0034 509 Australian Dollar (CME) - AUD 100,000; $ per AUD 7019 7056 7016 .7033 .0007 150,013 March' 16 .6986 7024 .6986 .7002 .0007 June .6970 .6970 .6975 .0007 Sept 7870 7870 7870 .6949 .0006 Dec .7089 7089 .6930 Mexican Peso (CME) - MXN 500,000; $ per MXN Dec .05925 .05951 .05896 .05937 .00012 101,451 March' 16 .05891 .05911 05858 .05897 .00012 54,709 Euro (CME) - 125,000; $ per Dec 1.0735 1.0795 1.0723 1.0762 .0012 408,320 March'16 1.0759 1.0819 1.0749 1.0789 .0014 8,155 Dec .6970 1 .0006 Index Futures Dec -168 -169 97,200 2,309 Mini DJ Industrial Average (CBT) - $5 x index 17826 17871 17610 17675 March' 16 17765 17787 17545 17599 S&P 500 Index (CME) - $250 x index Dec 2091.50 2097.00 2063.00 2072.90 June '16 ... ... 2048.20 2059.20 Mini S&P 500 (CME) - $50 x index Dec 2092.00 2097.75 2062.00 2073.00 -20.80 -21.00 95,387 2,617 -20.75 2,773,738 March '16 2085.00 2090.50 2055.50 2066.00 -20.75 92,057 -12.40 85,463 -50.3 -51.5 342,185 3,893 Mini S&P Midcap 400 (CME) - $100 x index Dec 1460.00 1463.50 1437.30 1447.70 Mini Nasdaq 100 (CME) - $20 x index Dec 4701.3 4712.8 4622.0 4652.8 March'16 4698.8 4708.5 4617.8 4647.0 Mini Russell 2000 (1CE-US) -$100 x index Dec 1198.10 1201.20 1176.90 1180.40 March'16 1183.60 1183.60 1175.00 1175.40 Mini Russell 1000 (ICE-US) - $100 x index Dec 1159.20 1159.20 1145.10 1151.40 U.S. Dollar Index (ICE-US) - $1,000 x index Dec 99.38 99.43 98.91 99.08 March'16 99.59 99.65 99.14 99.27 -18.40 -1830 371,383 3 ,234 -10.70 8 ,271 -18 - 19 80,171 ,636 3 Source: SIX Financial Information Source: The Wall Street Journal, November 10, 2015. Dow Jones & Company, Inc. Using Figure 14.1 You are long 20 November 2015 soybean futures contracts. Calculate your dollar profit or loss from this trading day. (A negative value should be indicated by a minus sign. Do not round intermediate calculations.) Gain/Loss by a. What is the total open interest on the December 2015 Japanese Yen contract? Number of open interest contracts b. Does it represent long positions, short positions, or both? Long positions Short positions Both c. Based on the settle price on the contract, what is the dollar value of the open interest? (Do not round intermediate calculations.) Dollar value