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Please help. Thank you in advance, and I will upvote accordingly. Suppose today is March 27, 2018, and your firm produces breakfast cereal and needs
Please help. Thank you in advance, and I will upvote accordingly.
Suppose today is March 27, 2018, and your firm produces breakfast cereal and needs 165,000 bushels of corn in July 2018 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might go up between now and July. Use Table 25.2 a. What is the total price are you locking in for the 165,000 bushels of corn based on the day's closing price? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Suppose corn prices are $4.31 per bushel in July. What is the profit or loss on your futures position? (Enter your answer as a positive value. Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Total cost b. Futures Contracts Metal & Petroleum Futures 7750 Sept May -122.32 Contrat Open Opon Hagh No Low Settle Os rest Sugar World CE-US) 11.2000 lbs. consperb 1242 12.50 12351254 12 417,923 July 126 12.12 1254 124 -10 234,270 Sugar Domestic OCE-US) 112.000 lbs.centerb May 2445 24.45 2445 2445 -032218 July 28.05 25.052491 25.02 - 1326 Cotton CE-US50.000 lbs. consperit May 81.88 2.77 8172 22.02 24 111,430 De 7750 77.62 7702 - 04 72.690 Orange Juice (CE-US) 15.000 lbs.cortsport May 132.10 138.35 13620 137.70 -20 9.537 July 13240 138.60 137.00 11.00 1901.977 Interest Rate Futures Treasury Bonds (CT)-$100,000 ps 32nds of 200 June 144-140 16-280 144-20 145-200 20.0 793,328 16-20 10-150 18-280 144-21 30.0 Treasury Notes (GTS100,000.pts 3rd of 100% June 120-120 121-015 120-110 120-290 140 3,490,00 Sept 120-090 120-19 120-000 120-205 AS 154 Sr. Treasury Notes (CET) $100,000 pes 3ands of 100% March 114-12 114-162 114-150 114215 92 2819 June 114-05 114-145 114-007 114-120 9.0 3,364,565 2 Yr. Treasury Notes (CBT-$200.000 ps 32es of 100% March 106-177 106-18 106-102 106-185 17 1164 June 206-677 306-11 106-02 106-107 271,889,733 30 Day Federal Funds (OT-55.000.000, 100-dalyang March 9.500 9.500 9.495 8.400 Agu 9325.12 9 320 325 364045 10 Yr. Del. Int. Rate Swaps (OT) $100,000 pes 3ds of 100% June 93.909 47819.909 463 56127.183 1 Month Libor (OME $3.000.000 peso 100 May 98.1000 98.1000 90.1000 18.30250175 26 June 97.9550 97.9000 97.9950 97. 0175 094 Eurodollar (GME $1.000.000.ps of 100% April 97.7200 97.7450 97.7200 17.7400 200 30.79 June 97.6000 97.7400 97.800 97.7300 0500 1.771,799 Dec 974750 9.5500 9.4700 97.5400 500 2,045, Dec 19 97.1350 97.2350 97.1300 97.2200 200 2.167.522 Currency Futures Japanese Yen (OME) 22.500.000.Sper 2008 April 9500 9460-0000 151 June 9527 9546 9494 528 -0030 168.978 Canadian Dollar (ME) CAD 100,000 per CAD April 7792 720 777-2005 209 7795 IS 761 mm -2006 121.18 British Pound(CME) 662,500 per April 1426 1424 1.00831419-0074 LIS 162514093 14113 001-0075 180,805 Swiss Franc (MECHF 125000:$per OF June 1.0656 10674 10589 4632-0028 44.39 Australian Dollar (CME) AUD 100,000 per AUD April 7100 7994 7600-000 1,390 May 7735 7750 7094 7688 -0047 492 June 7757 7760 .7877 29-00498,429 Sept 7756 7763 7687695-0048 643 7140 71407083 7701 -0040 346 Mexican Peso (OMEMXN 500,000 MXN June 0532 53% 05361 05231-00016 197,395 Euro (MECIES 000 Sport April 1277 1209 12395 1201-0056 178 12525 2554 124 12078 DOS S0863 Contract Open Open Men No Low Settle One interest Copper-High (OMB) 25.000 Ds. Sperib March 29760 29775 29750 2.95 0.0310 302 May 2.9340 3.0240 2.9775 3.0005 0.035 190.761 Gold (OMC)100.Sperry March 134.30 -13.10 April 1353.00 1356.10 1339.60 1307.00 -12.00 11.00 None 1350.30 13:20 145.40 137.90 -13.00 327,850 Aug 1385.80 1368.20 135L90 1354.10 -13.00 49,357 Od 1371.00 1372.00 1350.00 1360.10 -13.00 6,801 Dec 1376.80 1380.90 136420 1366.60 -13.00 15.274 Palladium NYM-50 troy. Spertroyer March 175.0 % 1 June 970.00 97.5 966.60 971.30 4% 22,70 Sept $57.10 9.30 65.00 4.85 4% 1193 Platinum NYM) Otroyer: Sperry April 52.80 1.60 999.20 94.70 - 12.5 My 958.50 960 45.00 952.00 -40 Silver MX-500 tryca Spertroyer March 16.00 -0.14 84 May 16.6 16.10 16.465 16.541 -0.19 149,163 Crude Oil Light Sweet ANYMOLOOO. Sper til 65.55 66.41 64.53 65.25 -0.30 512.450 June 65.47 66.27 65.18 -023 347.725 My 65.09.08 4.17 64.8 -0.17 156,042 Sept 54,00 471 63.75 6383 -0.09 170.143 2.35 3.05 LAB 22 0.01 251.196 Dec 19 572 58.11 514 787 015 133,139 NY Harbor ULSD NYM) 42.000 gal: Sperga April 2017020460 2.0050 2.02240074 28.793 May 2019 2015 2.0065200020012 12.01 Gasoline-NYRBOB NYM-42000 gal.Sperga 2011020830 19987 2.0135 0031 28.530 May 20199 20420 2.0060 2.0230 000 150.198 Natural Gas NYM-10.000 MM MM Art 269 2707 2023 2001 07 5.500 May 2.669 2721 2460 2714 097 339,906 June 2728 2714 2.719 2.766 050 3.109 May 2.799 2880 2.780 2.322 345 194.195 Sept 2788 2029 2.782 2.823 039 96.749 Odt 2805 2002 2.795 2.836 0 130.534 Agriculture Futures Com OT-50 carterbu May 374.00 375.00 37225 394.00 65.000 My 22.50 21.50 1805 434.252 Oats CGT-5.000bu.certs perbu May 227.75 232.75 225.50 226.00 -50 4472 My 236.50 23650 233.00 233.50 -175 1137 Soybeans (CET) 5.000 bu.cents per bu May 1027.00 1031.25 1017 101950 -6.00 352,099 July 10:37.75 1042.00 102000 1020.5 -6.25 244829 Soybean Meal (T)-100 tons Sporton May 371.70 378.50 371.50 322.40 -2.50 190,304 379.40 3.00 37420 375.10 -2.70 123,062 Soybean Oil (CNT)-00000 lbs.corper May 31.46 31.543135 31.58 12 237.500 July 31.72 3.89 3141 315 .13 123,056 Rough Rice (CRT) 2000 wt. Speront May 124.00 1250.00 123950 124450 -1.50 5814 July 1761.50 12.50 1255.00 1261.00 Wheat (CBT) 5000 bucents per bu May 454.25 457.50 448.75 409.00 -5.25 273,995 July 471.50 474.00 166.00 6.50 -5.00 126,565 Wheat C) 5.000bu.cents per bu May 469.50 473.00 463.75 464.00 -4.25 108,637 July 48 50 492.00 35045 0,034 Wheat MPLS) 5000 b consperbe May 5975604.00 50125 93.25 -4.00 32,649 July 606.25 61125 59.75 60LS - 12,412 Cattle Feeder (CMO) 90,000 lbs. cont perib March 135.000 1.000 135.000 135.65 500 3204 May 135.550 137.875 135.475 136.750 800 19,288 Cattle-Live (ME40.000 lbs.cortsport 115.400 116.575 115.000 11.es 2505.226 June 105.325 106.675 104.900 105250 -050 10,211 Hogs-Lean (CME)-40,000ths.cantspert April 58.000 58.22552575 97.750 275 3.619 June 74.150 14.750 73.75 74025-075 97.920 Lumber (CMB) 130 000 bd ft. Sper 1,000 bd At May 49.40 507.10 48.00 507.00 9.90 521 July 435.00 40.90 482.00 194. 10.00 Milk (OME)-200 000, entspert March 1422 423 14.22 142 May 14.393440 10 53379 Cocoa CE-US)-10 metrosperto 2,423 2,623 2,534 2554 -1 110,387 July 2.650 2.650 2564 23 -59 76,393 Coffee CE-US7500 bs.comsport May 11.40 119.75 2.70 1.95 20140705 July 120.45 121.70 121.00 1.60 59291 April July Dec April Index Futures Mini DJ Industrial Average (CBT)55xx June 2001 2035 23691 23850-332 102,806 Sept 2031 244 23736 2387-337 490 S&P 500 Index (OME) $250x Index une 2661.20 267920 259.00 215.70 43.0 90,596 Mini S&P500(OME) Oude June 2450.50 279.15 2596.00 265.75 -43,75 2,289,651 Sept 265.00 2684.28 2000.75 2620.25 -4425 56.306 Mini S&P Midcap 400(OME)-5100windex 181201924 1943,90 1851.9 -2.70 79.70 Mini Nasdaq 100 (OMD-520x des June 67758 68493 6490.0 65613-2123 229,719 Sept 66145 68790 6522.5 6928 -2130 462 Mini Russell 2000 ICE-US) $100.xinde une 1568.00 1599.00 1909.10 11.90 -20.30 9,254 Mini Russell 1000 CB-US-$100 x Index June 1478.20 147120 144L10 145270 1420 U.S. Dollar Index ICE-US) SLO0Oxides June 7.83 9.25 31.5 324 -06 35.461 Sept BM 19 38 98 Source: Sex Pinancial information
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