In May, CCG a wheat farmer enters a contract to supply wheat to Pick & Pay bakery in September. CCG expects to harvest 50 000 tons. The wheat farmer calculated that he must sell wheat at R9.5/ton or more in order to break even. Wheat September futures on wheat are trading at R9.70 a ton. The wheat farmer wants to lock in this price as it is more than his R9/ton limit. The following information is available: Each contract covers 2000 tons. Current September wheat futures price R9.70/t The initial margin is R2500 per contact. The maintenance margin is R1000 per contact DAY Price 1 10.5 2 9.5 3 9 Required: Fill in missing information CCG should sunflower futures contracts. The initial margin is R and the maintenance margin is equal to R . On day 1 CCG makes a of R per ton, the clearinghouse the CCG margin account by R . The balance in the CCG margin account after the close of day 1 is R . Will CCG receive a margin call (yes/no) ? If yes CCG tops up the margin account by R . On day 2 CCG makes a total of R , the balance in the account will be R . On day 3 the balance in CCGs margin account will be R .