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Using Figure 14.1: You are long 35 December 2015 soybean meal futures contracts. Calculate your...

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Accounting

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Using Figure 14.1: You are long 35 December 2015 soybean meal futures contracts. Calculate your dollar profit or loss from this trading day. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Gain/Loss of $ (1.400.00 4,291 2.25 -1.00 4,324 287,119 -.70 - 30 121,379 82,448 March '16 224.75 225.75 222.25 224.75 Soybeans (CBT)-5,000 bu.; cents per bu. Nov 872.00 877.25 871.25 873.50 Jan'16 867.50 872.00 865.75 866.25 Soybean Meal (CBT)-100 tons; $ per ton. Dec 295.70 297.20 294.60 295.00 Jan'16 294.90 296.30 294.00 294.50 Soybean Oil (CBT)-60,000 lbs.;cents per lb. Dec 28.03 28.28 27.73 27.77 Jan '16 28.31 28.56 28.02 28.05 Rough Rice (CBT)-2,000 cwt.; $ per cut: Nov 1200.00 1200.00 1200.00 1179.50 Jan'16 1240.00 1240.00 1190.00 1205.50 Wheat (CBT)-5,000 bu.; cents per bu. Dec 520.50 521.25 501.25 501.75 March' 16 523.50 524.25 505.00 505.50 -27 - 27 127,149 98,968 19 -39.00 -38.50 9,282 -21.50 -20.00 157,627 127,443

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