Using Figure 14.1, answer the following questions:

a. What was the settle price for March 2016 coffee futures on this date? What is the total dollar value of this contract at the close of trading for the day?b. What was the settle price for December 2015 gasoline futures on this date? If you held 10 contracts, what is the total dollar value of your futures position?c. Suppose you held an open position of 25 March 2016 Mini Dow Jones Industrial Average futures on this day. What is the change in the total dollar value of your position for this day??s trading? If you held a long position, would this represent a profit or a loss to you?d. Suppose you are short 10 January 2016 soybean oil futures contracts. Would you have made a profit or a loss on this day?

Figure 14.1

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Futures Prices (November 9, 2015) Futures Contracts wSJ.com/commoditios Motal & Potroloum Futures Contract Open Chg Interest Contract Open High hi lo Low Satie Open Interest Open High hilo Low Sote Chg Capperigh (CN-35,000 S per 2n0 2.223s Coton pCE-US-s0,000 ct per Nov 206 22300 -o0115 2100 Dec 61.30 24 Dec 250 2.3510 22260 22100 -o0120 G2.0 62.9 G1.71 62.12 רכ כ Gold (CM-100 ay S per troy e 10E.GO 10.00 1003. 10 1094.9o Orange Juice CE-USH5,000 b conta per ib Nav 140.0 10BLGO 107.30 030 211 Nor Dec 140.B0 129.25 20 255 040 247219 040 1020 2444 10.40 1008.1o Jar 1275 145.00 A 1275 120.40 205 2475 FebE 10.30 1095.50 1091.00 10as.0 10BLGO 1000.10 1089.50 10a9.90 040 Api June Interest Rate Futures 1091.70 1096.0o 1098. 10 11o0.00 Paladum NYM-s0 troy $per tray ar. G71.70 G71.70 1090.00 1090.50 040 Dec 1002.20 1093.00 Treaury Bonda CT)SI00.000 p d of 100 Dec 152-100 152-0 151-120 152-020 -70 G71.70 Nov Dec -6.00 -I6.00 March'16 151-020 151-040 150-00 150-250 -70 4507 G17.70 621.30 55.00 Treanury Notas CaT-SID000 pt 22ndof 10ox De Murch'1G G149s G20.00 -16.10 126O40 126045 125-225 126-010 --as 2,54300 Platinum NYM so oy o$ per troy ar. March 125-145 125-150 125-010 125-115 -20 Nov Jur16 200.20 0.30 242.00 242.20 214.40 -25.30 S Treaury Noten (CRTSI00.000 pta Zndof 100% 210.20 914.40 -25.00 Siver (CMKS.000 y S per troy o. 15.025 15045 De MarchE 118-100 118-225 117-202 118-045 ao 2,21151 -07 Now 15.006 14.418 -0278 Dec 14.720 14.700 14.26 14.412 25,144 2 Y Theanury Notes CT)S200,o00 p nd of 100% Crude OL Light Swoet NYM000 bb; $ per bbl De 109-020 109-020 100-00S a7 1,114756 2040 4452 Dec: Jur16 45.12 46.29 4264 44.8 42.87 45.12 -O42 400,BO -025 200,0 March'1E 106-240 100-25 a7 45.62 20 Day Federal Runda (CRT$S000,000-100-daly g Feb 47.16 4580 46.05 -0.28 100,000 -025 150,4 -0.22 112,896 -a11 150,41a Nov March June 47.19 477 4245 46.58 414 46.84 4842 20.705 29.710 9700 201A 10 Y Del Int. Rate Swaps (CHT-SI00000; pta 2arda of 10os Dec Dec S145 50.25 50.54 101.3 NY Harbor ULSD NYM2,000gal: S per gal Dec 101.750 102021 102.031 1723 1.5230 LAT74 -0.122 1Nonth Libar CMES200,000; pta d 1oos 29.75 7975 Jur16 1.52 Gasolne-NY ROon NYM42,000 g Sper gel L4DS -a.112 Nov 20.7975 207975 -O025 De 2217 Dec Jur16 1.404E 1.25 Natural Gas (NYM-10,000 MMu; $ per MMu. 2 13705 12549 0010 Eurodolar (CMESI000,000. p of 10o 1345 Nov De March 20.6275 20.5s00 20.5550 12797 1,224 1,2210 oso 1,22440 Dec Jur16 2373 2525 -071 25a001 -D2 262791 2.374 2300 20J00 0 D100 2544 2571 2422 2440 2400 De 450 EO0 Feb 255a -077 Murch 2561 2449 2479 -DGD 10044 Apt May 2500 2500 2529 2414 2446 2478 244 Currency Futures Japanae Yan CMEa,s00,000 S per 10o 2529 2450 Agriculture Futuros Com (CHT5,0O0 bu; cant per bu. De 124 D010 226.30 D012 Canadian Dolar (CME-CAD 1000,000: S per CAD .7516 7511 Dec 272.75 275.50 March 16 281.25 4.25 27575 276.00 -5.75 6,20 De 7511 126.227 Onta (CET)5,000 bucert per bu 7545 D011 2501 Brtah Pound (CMEHE 62500; S per Dec Manh6 Soybeans (CET-s.000 bu canta per . Nov Murch G BE50 72.00 22250 224.75 226.25 225.75 221.25 224.00 25 222.35 22475 4,21 De Marche 1.503 15100 15114 006 0072 72.00 B77.25 71.25 2.25 4224 Swta Franc (CMEHOF 5,500; S per CHF -1.00 27,119 10012 Soybean Meal can-100 to per ten Dec Mac 1.000G 1.0001 1.0035 25.70 237.30 -.70 121,29 12,44 24.60 25.00 Auntralan Dolar (CMEALD 100,000 7019 JurE 24.30 230 24.00 24.50 -30 AID De Soybean O (CRT-G0,000 ; conta per lb. Dec Jur' March 7 127,149 -27 7034 7002 729 28.05 Jure Rough Rice (CET2000 owt;S per owt. Now Sept De 1200.00 120000 1200.00 1179.50 25.00 19 709 A Jun 1340.00 1240.00 1130.00 1205.50 -50 Medcan Peao (CNE-MXN 500,000 S per MOON Wheat (CHT-5000 b c per t 10L4S De March'E 50175 -213O 17627 505.50 -20.00 127,443 Dec: 520.50 521.25 501.25 Murch 16 52s0 s24.5 Wheat C)-5000 bu cents per bu Dec March 16 Sca.75 10so Wheat (MPLSS000 bucanta por bu SO6.00 Euro (CMEH5.000 $ per 1.0 1.0 23 1.0762 D012 400 4.75 40.25 472.75 474.00 -16.25 20412 March16 LO19 1.049 1.079 0014 475 48975 - E00 Dec: 517.25 S8.50 s01.50 S04.25 -145o 24,292 21402 Indax Futures Murch 16 S34.00 2s0 Catle-Feeder (CMES0,000 b cent per i Nov V 514.00 515.50 -12.00 Mi DJ ndutrial Average CTSS x Inde 17826 17765 De 1771 17 7 A 17610 17545 17675 17500 - IG8 - 1G9 97200 Mch 181.375 181.375 171975 171975 177.125 177.125 -4.500 2309 Jur 167525 167s2s -400 SEP S00 ndes (CMES250 x nde 200150 200v.00 Catle-Live (CMEH0,000bacont per b Dec 5 De 2062.00 207230 - 20o 134.250 134275 121.325 121.225 -1000 105,542 Jure' 204E20 2osa.20-21.00 2617 Feb 126550 126.O 134.150 134.150 -1000 Min SEP S00 CMES0 x Inde Hog-laan (CME40,000 ba ca per V 52.100 Y 55.725 Lumber (CME-mo,000 bdn$ per LO00 bd. 247.10 2002.00 209v.75 De March1 206200 205550 2066.00 - 20.75 207200 - 20.75 2,717 52.725 -127s S6475 -L25 20S.00 2090.50 Dec Feb 5.050 SE175 G5,171 Min SAP Midcap 400 CMESO0 K inde 1400.00 14E250 De 14730 1447.70 - 1240 Nov 247.10 52.00 252.00 4.10 214 Jur Mk (CME) 200,000 bcat per b Now Min Naudag 100 CMES20 x nder Dec March'16 Min Rael 2000 pCE-USSIODx inden 246.20 247.70 244.60 245.30 -1.40 47013 4712A 4652 -5a 46470 -SLS 242.1 1561 1550 1551 -12 4G17 Dec 15.60 15.00 15.22 15.42 -.12 4,46 119.10 1201.30 1176.90 11 B0.40-1840 Cocoa CE-US-10 matrictora, S per ton. 2,22 2,222 Coffee CE-US-s00 bx, cants per . March 1I0 12.60 1175.00 117540 - 1L30 234 Dec March 16 2225 2244 2,200 2,216 25057 214 -30 Min Raal 1000 pCE-USSIOD x Inden De 115.20 1150.20 114510 1151.40 - 10.70 Dec Murch 16 1166 120.55 11775 121.25 US Dolar inder ICE-US-SL000 x Inde 121.25 122.10 20 G4p De Marche 20.43 20.0 20.27 -.I -.19 Sugar-World CE-USH2,000 bK cant per lb. 1438 14.05 29.14 Murch 1423 14.06 1290 12.99 12.09 -47 May -44 145 DGE Sugar-Dometic C-USH2,00D Ibs canta per ib. 25.45 25.45 Jun 2545 2542 2545 2542 25.45 25.43 2206 2049 March -02