NOTE: you must show all of your work to receive full credit. Refer to the following Futures Quotes for the Soybean Futures Market Current soybean market information from the CME/CBOT, November 1, 2023 price Unit: Cents and quarter-cents / bu. Contract Size =5,000 bushels 1. Assume you are a speculator in the soybean market. On November 1, you sold ten JAN24 soybean contracts at the high price traded that day. Later in the day, you bought ten JAN24 soybean contracts at the low price of the day. Assume there was a $20 broker fee to execute the round-turn. What was your total profit or loss on your trade? Show your calculations below and state whether it was a profit or loss. ( 6 pts.) 2. Now assume that you sold ten JAN24 soybean contracts at the open price for the day. Later in the day, you bought ten JAN24 soybean contracts to close your position at the settle price. Assume there was a \$20 broker fee to execute the round-turn. What was your total profit or loss on your trade? Show your calculations below and state whether it was a profit or loss. ( 6 pts.)