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Suppose you purchase a May 2019 canola futures contract on May 25, 2018 for $531.80 per tonne. Assume 20 tones per contract. What will your

Suppose you purchase a May 2019 canola futures contract on May 25, 2018 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?

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