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Table 2.8 Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 Maturity Date July 2016 Septembe
Look at the futures listings for the corn contract in Table 2.8. Suppose you buy one contract for May 17 delivery. If the con
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Answer #1

One Corn Future Contract = 5000 bushels of corn

Initial Price = Listed Future Price for May 17 Corn Future = $ 4.02 / Bushel and Final Price = $ 4.22 / bushel

Therefore, Total Profit = (4.22 - 4.02) x 5000 = $ 1000

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