You Bought One Soybean Future Contract at $5

question 27

Multiple Choice

You bought 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

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Definitions:

Underlying Tissue

Tissue that lies below the surface of an organ or structure, often referring to tissue that is affected by disease or injury.

Density

A physical property of matter defined as mass per unit volume, often used to describe how compact or concentrated an object is.

Palpation

The process of examining part of the body by touch, used for medical diagnosis.

Sense of Touch

One of the five senses, allowing humans to perceive pressure, temperature, and pain through skin contact.