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You sell 18 June ethanol contracts at 1.774. The contract is defined as 29,000 gallons (approximately 1 railcar); $/g; $10,000, $6,000. At the end of

You sell 18 June ethanol contracts at 1.774. The contract is defined as 29,000 gallons (approximately 1 railcar); $/g; $10,000, $6,000. At the end of the month the price stands at 1.704. Your equity in this position is thus __?

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