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Use the following corn futures quotes for Problem: Contract Month Open Settle Chg Open Int -2.750 Corn 5,000 bushels High Low 457.000 451.750 468.000 463.000

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Use the following corn futures quotes for Problem: Contract Month Open Settle Chg Open Int -2.750 Corn 5,000 bushels High Low 457.000 451.750 468.000 463.000 477.500 472.500 475.500 471.750 Mar May July Sep -2.750 455.125 467.000 477.000 475.000 452.000 463.250 473.000 472.250 597,913 137,547 153,164 29,258 -2.000 -2.000 Futures Quotations Suppose you sell 25 of the May corn futures at the high price of the day. You close your position later when the price is 465.375. Ignoring commission, what is your dollar profit on this transaction

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