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Suppose you purchase a May 2 0 2 1 canola futures contract on May 2 5 , 2 0 2 0 for $ 5 3

Suppose you purchase a May 2021 canola futures contract on May 25,2020 for $531.80 per tonne. Assume 20 tones per contract.
What will your profit or loss be if the canola prices turn out to be $507.25 per tonne at expiration? (Input the amount as a positive
value. Omit "$" sign in your response.)
(Click to select)
$
Loss
Profit
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