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On January 5th, Bobby sells July 15 2018 Wheat contracts when the price is 640.25 US cents per bushel. What would be Bobby's total gain/loss
On January 5th, Bobby sells July 15 2018 Wheat contracts when the price is 640.25 US cents per bushel. What would be Bobby's total gain/loss if the postion was closed out on February 1st, at a price of 633.75 us cents per bushel? Each Contract is 5,000 Bushels.
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