You are bullish on corn. The current settle price for July…
You are bullish on corn. The current settle price for July 2021 corn contract is 665 cents per bushel. Each futures contract is for 5,000 bushels of corn. If you buy two contracts, and the price of corn increases to 700 cents per bushel, what is your profit or loss on two contracts? Profit should be entered as the number calculated (do not use +). Loss should be entered as a negative number (use -).
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