Today is January. Kelloggs is planning ahead for future purchases of corn to produce its corn flakes breakfast cereal. Kelloggs takes a long position in 93 July corn futures contracts at a futures price of 376/bu. The spot price currently is 406 per bu. In July the spot price turns out to be 408/bu. What is the Kelloggs total gain or loss on its futures position? Assume that Kelloggs holds its position open through delivery in July. Ignore transactions costs. The size of the corn futures contract is 5,000 bu. Enter your answer in dollars without the $ symbol. If the firm has a loss, then enter a negative number, e.g., -3456.78 (i.e., a total loss of $3,456.78). If a gain, then enter an unsigned value, e.g., 1234.50 (i.e., a total gain of $1,234.50).