Refer to Figure 24.6 to answer this question. One futures contract calls for the delivery of 20 metric tonnes of canola, and prices are quoted in Canadian dollars per metric tonne. Figure 24.6 Commodity Futures Price Quotes for Canola Prior day Current session low open high last Chg Vol Set May 13 588.00 591.00 582.60 587.70 -0.70 2983 588.40 Suppose you purchase a May 2013 Canola futures contract on June 20, 2012 (the date of Figure 24.6). What will your profit or loss be if the canola price turn out to be 530 per metric tonne at expiration?