Reference no: EM131204924
Use the following corn futures quotes:
Corn 5,000 bushels: Open High Low Settle Chg Open Int
Mar 455'1 457'0 451'6 452'0 -2'6 597,913
May 467'0 468'0 463'0 463'2 -2'6 137,547
July 477'0 477'0 472'4 473'0 -2'0 153,164
Sep 475'0 475'0 471'6 472'2 -2'0 29,258
1. How many of the May contracts are currently open? Contracts
2. How many of these contracts should you sell if you wish to deliver 100,000 bushels of corn in May? Contracts
3. If you actually make delivery, how much will you receive? Assume you locked in the settle price. (Round your answer to 1 decimal place. Omit the "$" sign in your response.) Price $
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: How many of the May contracts are currently open? Contracts. How many of these contracts should you sell if you wish to deliver 100,000 bushels of corn in May? Contracts
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