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Use the following chart to complete the questions below. 2 pts WHEAT FUTURES PRICES for Aug 1, 2019 Contract Last Change Open High Low Previous

Use the following chart to complete the questions below. 2 pts

WHEAT

FUTURES PRICES for Aug 1, 2019

Contract

Last

Change

Open

High

Low

Previous

Volume

Open Int

ZWY00 (Cash)

485

-5

0

485

485

490

0

0

ZWZ19 (Dec '19)

481.75

-1.25

481.75

484.25

477.5

483

36138

201637

ZWH20 (Mar '20)

488.5

-1.5

488.25

490.25

484.25

490

12925

80070

ZWK20 (May '20)

494

-0.75

493.5

494.5

489.25

494.75

3529

21796

ZWN20 (Jul '20)

498.25

0

496.75

498.5

492.75

498.25

2389

34738

ZWU20 (Sep '20)

506.5

0.5

504.75

506.5

501

506

752

7080

ZWZ20 (Dec '20)

519.5

1

516

519.75

512.75

518.5

520

8708

WHEAT

FUTURES PRICES for Tue, Sep 24th, 2019

Contract

Last

Change

Open

High

Low

Previous

Volume

Open Int

ZWY00 (Cash)

475

-5

0

475

475

480

0

0

ZWZ19 (Dec '19)

466.75

-1.25

466.75

469.25

462.5

468

36138

201637

ZWH20 (Mar '20)

476.5

-1.5

476.25

478.25

472.25

478

12925

80070

ZWK20 (May '20)

484

-0.75

483.5

484.5

479.25

484.75

3529

21796

ZWN20 (Jul '20)

478.25

0

476.75

478.5

472.75

478.25

2389

34738

ZWU20 (Sep '20)

491.5

0.5

489.75

491.5

486

491

752

7080

ZWZ20 (Dec '20)

499.5

1

496

499.75

492.75

498.5

520

8708

What is the total value of 5 contracts of MAY20 Wheat trading at the trading high on Sept 24?

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