Use the following chart to complete the questions below.

WHEAT

FUTURES PRICESfor Aug 3, 2020

Contract

Close

Change

Open

High

Low

Previous

Volume

Open Int

ZWY00 (Cash)

485.00

-5.00

0

485.00

485.00

490.00

0

0

ZWZ20 (Dec 2020)

481.75

-1.25

481.75

484.25

477.50

483.00

36,138

201,637

ZWH21 (Mar 2021)

488.50

-1.50

488.25

490.25

484.25

490.00

12,925

80,070

ZWK21 (May 2021)

494.00

-0.75

493.50

494.50

489.25

494.75

3,529

21,796

ZWN21 (Jul 2021)

498.25

0.00

496.75

498.50

492.75

498.25

2,389

34,738

ZWU21 (Sep 2021)

506.50

0.50

504.75

506.50

501.00

506.00

752

7,080

ZWZ21 (Dec 2021)

519.50

1.00

516.00

519.75

512.75

518.50

520

8,708

WHEAT

FUTURES PRICESfor Tue, Sep 24th, 2020

Contract

Close

Change

Open

High

Low

Previous

Volume

Open Int

ZWY00 (Cash)

475.00

-5.00

0

475.00

475.00

480.00

0

0

ZWZ19 (Dec 2020)

466.75

-1.25

466.75

469.25

462.50

468.00

36,138

201,637

ZWH20 (Mar 2021)

476.50

-1.50

476.25

478.25

472.25

478.00

12,925

80,070

ZWK20 (May 2021)

484.00

-0.75

483.50

484.50

479.25

484.75

3,529

21,796

ZWN20 (Jul 2021)

478.25

0.00

476.75

478.50

472.75

478.25

2,389

34,738

ZWU20 (Sep 2021)

491.50

0.50

489.75

491.50

486.00

491.00

752

7,080

ZWZ20 (Dec 2021)

499.50

1.00

496.00

499.75

492.75

498.50

520

8,708

1.What was the closing price for Mar 2021 wheat contract on Aug 3? July 31? Sept 23? Sept 24?

2.What is the value of a May 2021 wheat contract on Aug 3 trading at the contract high?

3.A speculator went short in the Sep 2021 wheat futures market with a trade on Aug 3 at the closing price and offset the trade on Sept 24 at the open price? What was the profit/loss on the trade with a brokerage fee of $25 (round trip)?