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Use the following corn futures quotes: Corn 5,000 bushels Contract Open High 455.125 457.000 451.750 452.000 -2.750 467.000 468.000 463.000 463.250 -2.750 477.000 477.500 472.500

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Use the following corn futures quotes: Corn 5,000 bushels Contract Open High 455.125 457.000 451.750 452.000 -2.750 467.000 468.000 463.000 463.250 -2.750 477.000 477.500 472.500 473.000 -2.000 475.000 475.500 471.750 472.250 -2.000 29,258 Low Settle Chg Open Int 597,913 137,547 153,164 Month Mar May July Sep a. How many of the March contracts are currently open? Contracts b. How many of these contracts should you sell if you wish to deliver 165,000 bushels of corn in March? Contracts

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