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Future on corn are traded on the CME (Chicago Mercantile exchange). Each contract is for 5,000 bushels of corn each. You decide to enter 10
Future on corn are traded on the CME (Chicago Mercantile exchange). Each contract is for 5,000 bushels of corn each. You decide to enter 10 contracts to purchase 50,000 bushels of corn at a price of $300.48 per 5,000 bushels. On the maturity date of the contract, the spot price for 5,000 bushels of corn is $282.03. When the contract is settled you will have made a total profit (loss as a negative number) of ...
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