Author Question: CME Corn Futures - Quotes MonthLastChangePrior SettleOpenHighLowVolumeJuly658'0 ... (Read 48 times)

bobbysung · **on:** Apr 25, 2021

CME Corn Futures - Quotes

Month	Last	Change	Prior Settle	Open	High	Low	Volume
July	658'0 a	+4'6	653'2	654'0	660'6	652'0	45,021
Sept.	577'6	-1'2	579'0	579'0	583'6	572'6	56,200
Dec	545'0	-1'4	546'4	546'4	551'0	541'4	75,414

The table above shows information on CME Corn Futures contracts. Prices are shown in cents per bushel, with a minimum tick size of 1/4 cent per bushel. There are 5,000 bushels per contract. You have a short position in one September Corn futures contract. As shown in the Prior Settle column, the futures price at the close of trading yesterday was $5.79. The balance in your margin account was $2,895. If at the end of today the settlement price for corn futures is $5.7475, then what is your daily profit?
◦ $62.50
◦ $212.50
◦ $2,682.50
◦ $3,107.50

fromAlphatoOmega22 · **Reply #1 on:** Apr 25, 2021

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