Suppose you sell 7 May 2021 canola futures contracts at a futures price of $601.58/ton. What will be your total profit or loss on the futures contracts if the canola prices turn out to be $583.90 per metric ton at expiration?

a) $353.60

b) -$123.76

c) -$2,475.20

d) $2,475.20

e) $123.76