Futures price per pound in the market Profit/Loss September, 2017 Sell March 2019 orange juice futures 120 cents/pound (You get the right to sell in March, 2019 at a price of 120 cents/pound so there is no exchange of money) 31 Dec, 2017 Price = 140 cents/pound 31 Dec, 2018 Price = 110 cents/pound February. 2019 Price = 125 cents/pound Close out