You Sold One Soybean Future Contract at $5

question 5

Multiple Choice

You sold one soybean future contract at $5.13 per bushel. What would be your profit (loss) at maturity if the wheat spot price at that time were $5.26 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.

• A) $65 profit
• B) $650 profit
• C) $650 loss
• D) $65 loss