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May 12.72 March 48.49 March Jan 2.718 Futures Contracts | WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hilo low Settle Chg interest Copper-High (CMX)-25,000 lbs.; $ per lb. Jan 2.6445 2.6460 2.6410 2.6410 -0.0105 1,756 March 2.6500 2.6595 2.6315 2.6370 -0.0105 138,638 Gold (CMX)-100 troy oz: $ per troy oz. Jan 1284.90 1286.80 4.10 353 Feb 1287.00 1297.00 1284.10 1289.90 4.10 302,111 June 1298.90 1309.00 1298.50 1302.90 4.20 43,689 Aug 1310.00 1315.10 1307.80 1309.00 4.10 10,837 Dec 1317.60 1326.80 1317.60 1321.50 4.10 9,830 Feb'20 1327.90 1331.00 1327.30 1327.70 4.20 3,090 Palladium (NYM)-50 troy oz: $ per troy oz. March 1242.40 1249.40 A 1230.80 1240.20 5.80 24,797 June 1226.20 1231.90 1216.10 1224.30 4.70 3,313 Platinum (NYM)-50 troy oz.; $ per troy oz. Jan 824.20 825.40 A 821.00 818.40 -3.60 261 April 827.20 836.50 A 823.30 824.30 -2.90 85,951 Silver (CMX)-5,000 troy oz: $ per troy oz. Jan 15.750 15.750 A 15.750 15.669 -0.026 820 March 15.800 15.880 15.680 15.756 -0.030 142,916 Crude Oil, Light Sweet (NYM)-1,000 bbls.: $ per bbl. Feb 48.22 49.79 48.11 48.52 0.56 367.400 March 50.11 A 48.44 48.82 0.54 319,791 April 48.85 50.47 A 48.80 A 49.17 0.52 136,259 May 49.32 50.90 A 49.32 49.60 0.50 115,849 June 49.79 51.33 A 49.72 50.04 0.48 229.259 Dec 51.32 52.77 51.30 A 51.48 0.40 191,808 NY Harbor ULSD (NYM)-42,000 gal: $ per gal. Feb 1.7775 1.8245 A 1.7764 1.7784 .0092 109,341 March 1.7691 1.8160 A 1.7690 1.7714 .0104 73598 Gasoline-NY RBOB (NYM)-42,000 gal: $ per gal. Feb 1.3585 1.3945 1.3389 1.3408 -.0070 120,856 1.3716 1.4080 1.3524 1.3541 .0077 88,591 Natural Gas (NYM)-10,000 MMBtu.: $ per MMBtu. Feb 2.932 2.994 2.910 2.944 -.100 174,258 March 2.812 2.886 2.793 2.847 -.058 270,970 April 2.650 2.708 2.640 2.677 -.011 148,613 May 2.637 2.687 2.625 2.662 -.002 132,474 July 2.765 2.708 2.746 -007 62,540 Oct 2.710 2.761 2.698 2.751 -.016 105,445 Agriculture Futures Corn (CBT)-5,000 bu., cents per bu. March 382.25 384.00 A 381.75 382.25 -.75 751,642 July 397.50 399.00 A 397.00 397.50 -.75 242,635 Oats (CBT)-5,000 bu., cents per bu. March 279.50 279.50 280.25 276.50 279.50 -.50 4.124 May 279.50 279.50 274.00 276.00 -4.25 638 Soybeans (CBT)-5,000 bu., cents per bu. Jan 909.50 915.75 A 909.50 912.25 2.75 3,422 March 921.00 927.75 A 920.75 924.25 2.75 337,323 Soybean Meal (CBT)-100 tons.; $ per ton. Jan 316.00 319.30 A 316.00 318.20 3.10 1,798 March 319.40 323.30 A 319.20 322.20 3.20 193,399 Soybean Oil (CBT)-60,000 lbs., cents per lb. Jan 28.47 28.55 A 28.26 28.26 -15 972 March 28.70 28.80 A 28.47 28.51 -.13 219,566 Rough Rice (CBT)-2,000 cwt.; $ per cwt. March 1048.00 1069.00 A 1048.00 1066.50 18.50 7,164 May 1071.50 1083.50 A 1071.50 1082.50 18.50 102 Wheat (CBT)-5,000 bu.: cents per bu. March 518.00 518.50 513.50 516.75 - 25 229,028 July 530.50 530.50 525.50 527.00 -2.50 76,657 Wheat (KC)-5,000 bu.; cents per bu. March 506.25 507.25 500.50 503.00 -3.00 182,341 May 517.50 518.75 512.00 514.50 -3.00 55,722 Wheat (MPLS) 5,000 bu.; cents per bu. March 570.25 572.00 565.50 568.00 -2.25 33,947 May 575.50 577.25 570.75 573.25 -2.25 13,177 Cattle-Feeder (CME)-50,000 lbs., cents per lb. Jan 144.600 146.325 144.200 146.000 1.100 8,483 March 142.150 144.425 142.000 143.900 1.075 25,193 Cattle-Live (CME)-40,000 lbs.: cents per lb. Feb 121.800 123.400 121.425 123.200 1.275 129,414 April 123.850 125.375 123.500 125.075 V 1.075 115,863 Hogs-Lean (CME)-40,000 lbs., cents per lb. Feb 61.950 62.150 61.250 61.900 -.050 79,843 April 66.700 66.900 65.825 66.375 -.375 60,839 Lumber (CME-110,000 bd.ft; $ per 1,000 bd. ft. Jan 326.20 326.20 323.00 324.80 1.20 398 March 332.20 328.00 330.80 .90 2,724 Milk (CME)-200,000 lbs., cents per lb. Jan 14.16 14.26 14.12 14.14 -.11 4,391 Feb 14.72 14.73 14.55 14.57 -.17 4,095 Cocoa (ICE-US)-10 metric tons; $ per ton. March 2,362 2,413 2.356 2,410 49 96,443 May 2.395 2,449 2,394 2,447 49 51,809 Contract Open Open High hilo low Settle Chg interest Coffee (ICE-US)-37,500 lbs., cents per lb. March 101.56 103.45 A 101.15 A 102.75 1.15 127,138 May 104.40 106.55 A 104.30 105.75 1.10 60,630 Sugar-World (ICE-US)-112,000 lbs., cents per lb. March 11.95 12.67 A 11.94 12.65 .72 389,965 12.04 12.73 A 12.03 .70 188,201 Sugar-Domestic (ICE-US)-112,000 lbs.: cents per lb. March 25.40 25.40 A 25.34 25.40 .04 2.718 May 25.50 25.54 A 25.50 25.50 -.01 2,455 Cotton (ICE-US)-50,000 lbs., cents per lb. March 72.52 73.92 A 72.48 72.75 23 126,870 May 73.99 75.23 A 73.92 74.10 .16 39,088 Orange Juice (ICE-US)-15,000 lbs., cents per lb. Jan 121.20 122.00 121.15 121.95 .65 582 123.75 124.80 122.85 123.85 .55 14,103 Interest Rate Futures Treasury Bonds (CBT)-$100,000; pts 32nds of 100% March 146-230 147-170146-040 146-160 -12.0 949,992 June 146-160 146-190 145-300 145-270 -13.0 61 Treasury Notes (CBT) $100,000; pts 32nds of 100% March 122-060 122-150121-290 122-015 -8.0 4.102,583 June 122-150 122-240 122-065 122-105 -7.5 2,418 5 Yr. Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 114-215 114-280 114-155 114-187 -5.5 4,590,715 Yr. Treasury Notes (CBT)-$200,000; pts 32nds of 100% March 106-045 106-065 106-010 106-025 -2.7 2,552,998 30 Day Federal Funds (CBT)-$5,000,000; 100-daily avg. Jan 97.600 97.600 97.598 97.598 -.002 317,562 April 97.605 97.615 97.600 97,605 -.005 310.713 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% March 102.766 102.797 102.297 102.391 - 219 27,938 1 Month Libor (CME)-$3,000,000; pts of 100% 97.4875 .0075 535 Eurodollar (CME) $1,000,000; pts of 100% Jan 97.2300 97.2375 97.2250 97.2300 .0050 268.383 March 97.2850 97.3150 97.2850 97.3000 .0050 1,429,121 June 97.3050 97.3450 V 97.2900 97.3150 1.252,674 Dec 97.3650 97.4100 97.3250 97.3550 --0250 1,740,407 Currency Futures Japanese Yen (CME) 12,500,000; $ per 100% Jan .9228 9257 .9211 .9213 -.0008 1,190 March .9272 .9310 .9247 .9259 -.0009 222,921 Canadian Dollar (CME-CAD 100,000: $ per CAD Jan .7479 .7530A 7479 .7522 .0054 723 March .7484 .7544 A7484 .0054 166,071 British Pound (CME)-62,500; $ per Jan 1.2747 1.2775 A 1.2729 1.2775 .0031 2,616 March 1.2780 1.2832 A 1.2764 1.2815 .0031 204,679 Swiss Franc (CME)-CHF 125,000; $ per CHF March 1.0206 1.0285 A 1.0200 1.0277 .0071 66,727 June 1.0330 1.0369 A 1.0292 1.0368 .0071 95 Australian Dollar (CME-AUD 100,000; $ per AUD Jan .7125 .7150 A 7124 .7143 .0026 331 Feb .7135 7148 A 7135 .7147 .0026 680 March .7129 .7158 A 7122 .7150 .0026 124,074 April .7144 .71497144 .7153 .0026 253 June .7133 .7160 A .7133 .7160 .0027 661 Sept .7147 .7161 A 7147 .7169 .0026 121 Mexican Peso (CME)-MXN 500,000: $ per MXN March .05107.05129 A .05084 .05113.00014 161,111 June .04890 .04905 .04905 A .04887 .05035 00013 35 Euro (CME)- 125,000; $ per Jan 1.1415 1.1488 1.1415 1.1486 .0079 1,938 March 1.1475 1.1551 1.1471 1.1547 .0079 489,919 Index Futures Mini DJ Industrial Average (CBT)-$5 x index March 23470 23668 A 23279 23512 117 72,535 Dec 23523 23686 A 23350 23530 118 544 S&P 500 Index (CME)-$250 x index March 2536.70 2567.00 A 2525.00 2550.60 19.30 39.216 Mini S&P 500 (CME)-$50 X index March 2537.25 2567.50 A 2523.25 2550.50 19.20 2,634,252 June 2540.25 2571.25 A 2528.50 2555.00 19.40 27,554 Mini S&P Midcap 400 (CME)-$100 X index March 1690.00 1717.10 A 1679.20 1703.30 17.70 69,276 Mini Nasdaq 100 (CME$20 x index March 6451.3 6451.3 6535.8 A 6402.5 6496.5 62.5 196,948 June 6471.5 6557.0 6427.0 6520.8 63.8 1,350 Mini Russell 2000 (CME)-$50 x index March 1384.40 1414.60 A 1375.80 1405.90 24.30 465,350 June 1391.60 1417.90 A 1386.80 1410.50 25.00 534 Mini Russell 1000 (CME)-$50 x index March 1402.00 1418.90 1402.00 1409.80 10.70 7,664 U.S. Dollar Index (ICE-US)-$1,000 X index March 95.71 95.73 95.20 95.23 -.52 57,402 June 95.08 95.08 94.75 94.74 - 51 945 .7533 333.00 Figure 22.1 Futures listings Source: The Wall Street Journal, July 6, 2016 Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a. If the margin requirement is 28% of the futures price times the contract multiplier of $50, how much must you deposit with your broker to trade the June maturity contract? (Round your answer to the nearest whole dollar.) Required margin deposit b. If the June futures price increases to 2601.20, what percentage return will you earn on your investment if you entered the long side of the contract at the price shown in the figure? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage return on net investment % c. If the June futures price falls by 1%, what is your percentage return? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Percentage return on net investment %

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