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Suppose you purchase a January 2021 soybean oil futures contract on December 4, 2020, at the last price of the day. Use Table 25.2. What
Suppose you purchase a January 2021 soybean oil futures contract on December 4, 2020, at the last price of the day. Use Table 25.2. What will your profit or loss be if soybean oil prices turn out to be $.3814 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)
Soybean Oil (CBT)-60,000 tbs: cents per ib. Dec 37.81 38.72 37.81 3868 121 1218 Jan'21 37.09 37.80 36.88 37.73 81 142,999
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