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

Suppose you purchase a July 2018 soybean oil 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 oil prices turn out to be $.3516 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)

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