Question
Use the following corn futures quotes: Corn 5,000 bushels Contract Month Open High Low Settle Chg Open Int Mar 455.125 457.000 451.750 452.000 ?2.750 597,913
| Use the following corn futures quotes: |
| Corn 5,000 bushels | ||||||
| Contract Month | Open | High | Low | Settle | Chg | Open Int |
| Mar | 455.125 | 457.000 | 451.750 | 452.000 | ?2.750 | 597,913 |
| May | 467.000 | 468.000 | 463.000 | 463.250 | ?2.750 | 137,547 |
| July | 477.000 | 477.500 | 472.500 | 473.000 | ?2.000 | 153,164 |
| Sep | 475.000 | 475.500 | 471.750 | 472.250 | ?2.000 | 29,258 |
| Suppose you buy 21 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 463.125, and you close out your position. Calculate your dollar profit on this investment. |
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Ecological Money And Finance
Authors: Thomas Lagoarde-Segot
1st Edition
3031142314, 978-3031142314
