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| Suppose you purchase a May 2017 soybean meal futures contract on this day at the last price of the day. Use Table 23.1 |
| What will your profit or loss be if soybean meal prices turn out to be $339.80 per ton at expiration? |
-1.25 500,405 -1.25 346,739 -50 4,155 3.00 3,027 Agriculture Futures Corn (CBT)-5,000 bu; cents per bu. March 369-50 372.75 367.50 369.50 May 377.25 380.25 375.25 377.25 Oats (CBT)-5,000 bu; cents per bu. March 256.00 257-50 250.00 254.50 May 248.25 254.00 246.00 253.00 Soybeans (CBT)-5,000 bu; cents per bu. March 1057.00 1061.50 1045.00 1050.50 1067.25 1071.50 1055-50 1061.50 Soybean Meal (CBT)-100 tons; $ per ton. March 340.70 341.60 335.90 338.40 May 344.80 345.80 340.10 342.60 Soybean Oil (CBT)-60,000 lbs; cents per lb. March 34.67 34.98 34.47 34.67 May 34.96 35.26 34.76 34.95 -8.25 248,998 210,368 May -7.75 -2.80 126,399 -2.70 122,484 -.02 123,991 -.03 118,319
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