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The closing cash (spot) price for Yellow #2 corn was $5.40/bushel on March 18, 2021. If I am a speculator, and expect the price of
The closing cash (spot) price for Yellow #2 corn was $5.40/bushel on March 18, 2021. If I am a speculator, and expect the price of corn to go up rapidly between now and September 2021, I should __. Assume the annual interest rate for borrowing money is 1%, and the cost of storing corn for 6 months is $0.30/bushel. O buy corn in the spot market buy September 2021 Corn futures orn Futures and Options GLOBEX CODE O O LAST CHANGE VOLUME 546'6 ZCK1 Add to portfolio +0'2 (+0.95%) 15,367 as of March 19 2021, 06:57am CT OVERVIEW QUOTES SETTLEMENTS VOLUME TIME & SALES CONTRACT SPECS MARGINS CALENDAR CORN FUTURES - SETTLEMENTS FUTURES OPTIONS BUY HISTORICAL DATA BUY REAL TIME QUOTES Trade Date: Thursday, 18 Mar 2021 (Final) All market date contained within the CME Group website should be considered as a reference only and should not be used as validation against nor as a complement to, real-time market data feeds Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Dato Platform (MDP). These prices are not based on market activity. . MONTH OPEN HICH LOW LAST CHANGE SETTLE ESTIMATED VOLUME PRIOR DAY OPEN INTEREST MAY 21 5566 554'e 5452 546 4 -114 546 4 144, 699, 358 JLY 21 5418 5414 5292 536 4 -12'2 538 2 2 89, 894 412,976 SEP 21 495 2 485'6 4824 -106 485 2 18,186 196,631 DEC 21 4748 4764 4674 468 2 -74 168 G 39,341 366,777 MAR 22 463 4842 4754 475 6 -7'4 475 8,165 47,394 MAY 22 487 8 1886 4884 4896 -78 481 @ 2,650 9.266 JLY 22 488 48948 481'5 482'23 -64 4824 2, B16 24,218 SEP 22 4472 448' 68 442'6 443 20 -56 443 4 197 5,146 DEC 22 4342 435 4 431'9 432 6 -36 432 4 933 38,621 MAR 23 - 441' 4A 438' 6A -3' 439 6 1 1 665 MAY 23 - 443'9A -2'6 443 @ JLY 23 458 458 450 a 446'2A -3 446 6 1 485 SEP 23 - -38 426 2 9 92 DEC 23 4144 4144 413' 41348 UNCH 415 2 4 1.522 JLY 24 - UNCH 425 4 @ 4 DEC 24 UNCH 412 8 9 30 Tatal 295,741 1,745, 945 Last Update Thursday, 18 Mar 2021 06:00 PM About This Report
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