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Last month you went long in a futures contrat on 4 6 tons of forzen orange juice, the futures price was 5 7 per ton.

Last month you went long in a futures contrat on 46 tons of forzen orange juice, the futures price was 57 per ton. This is a cash settlement contract with maturity in T= one week from now. Today the future price of 1 tone of forzen orange juice for delivery in 1 week is 99. Today you close out your position. If at time T, the spot price of 1 ton of frozen orange juice is 8 what is your cashflow at time T?

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