Suppose you purchase a July 2018 soybean meal futures contract on March 27, 2018, at the last price of the day. Use Table 25.2.

What will your profit or loss be if soybean meal prices turn out to be $387.14 per ton at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)

Table 25.2 Futures Contracts Quote, March 28, 2018 SOURCE: The Wall Street Journal, March 28, 2018, www.wsj.com Futures Contracts Metal & Petroleum Futures Open High No Copper-High (0) 25.000 lbs.Sperib May 2008 2008 301 Gold COMO-100 try. Spertroyer FRE $$$ $$ 935 BEST baly 2018 NNN 3388 ini DJ Industrial Average (CBT)$5xIndex S. 500 Index (OME)-S2S 61.20 267920 28 Sept 2605.00 2000 SAP Midcap doo COME SI Misdaa 100 COMES 501 lume 2758 Seo2000 4245 un 1548.00 1557.00 Mind Russels 11-20 NUS June 89:25 -06 35.44 RE RS Table 25.2 Futures Contracts Quote, March 28, 2018 SOURCE: The Wall Street Journal, March 28, 2018, www.wsj.com Futures Contracts Metal & Petroleum Futures Open High No Copper-High (0) 25.000 lbs.Sperib May 2008 2008 301 Gold COMO-100 try. Spertroyer FRE $$$ $$ 935 BEST baly 2018 NNN 3388 ini DJ Industrial Average (CBT)$5xIndex S. 500 Index (OME)-S2S 61.20 267920 28 Sept 2605.00 2000 SAP Midcap doo COME SI Misdaa 100 COMES 501 lume 2758 Seo2000 4245 un 1548.00 1557.00 Mind Russels 11-20 NUS June 89:25 -06 35.44 RE RS