Suppose you purchase a July cocoa futures contract at the last price of the day as shown in the table below. What will be your profit or loss on this contract if the price turns out to be $1,694 per metric ton at expiration? Futures: Cocoa 10 metric tons, $ per ton Lifetime Lifetime High Low 1,782 1,390 1,912 1,410 Open High Low Settle CHG July 1,680 1,703 1,687 1,691 1 Sept 1,692 1,704 1,688 1,696-6 $30 $110 $-20 $140