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You Purchased Two Futures Contracts on Soybeans at a Price

question 14

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You purchased two futures contracts on soybeans at a price quote of 1344′0. The initial margin requirement is $4,750 per contract and the maintenance margin is $3,500 per contract. The contract quantity is 5,000 bushels and the price quote is in cents per bushel. What is the lowest the price quote can go before you receive a margin call?

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Definitions:

Stimulates Digestion

The process or action that encourages the digestive system to break down food more effectively, potentially through the release of digestive enzymes or the promotion of gut motility.

Accelerates Heartbeat

Causes an increase in the speed of heart contractions, often as a response to exercise, stress, or excitement.

Endocrine System

A network of glands in the body that secrete hormones into the bloodstream to regulate various bodily functions.

Chemical Messengers

Compounds such as hormones and neurotransmitters that transmit signals from one cell or organism to another, affecting physiological activities.

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