The Corn futures contract listing from Monday, December 8th Corn (CBT)-5,000 bu.; cents per bu. Dec...

 

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The Corn futures contract listing from Monday, December 8th Corn (CBT)-5,000 bu.; cents per bu. Dec 14 Mar 15 May 15 Jly 15 Sep 15 Dec 15 Mar 16 May 16 Jly 16 Sep 16 Dec 16 Dec 17 Open 380.50 394.00 402.25 408.75 414.00 421.25 430.25 436.50 443.00 436.50 427.75 420.50 High Low 388.25 399.75 408.25 414.50 418.25 426.50 435.00 441.00 Settle 376.50 377.50 -4.00 389.50 390.25 4.75 398.75 -4.75 405.25 -4.75 534.00 511.00 Chg High 517.00 398.00 404.25 523.25 527.25 408.75 410.00 -4.00 417.25 418.25 -4.50 504.00 426.00 427.00 -4.75 510.75 432.50 433.50 -4.50 512.00 446.75 438.50 438.75 -4.25 515.75 436.50 430.75 430.75 -4.00 498.25 432.00 -4.25 490.00 424.25 424.75 414,75 415.25 -4,25 474.50 421.00 LIFETIME Open Int 16,325 671,001 157,796 346.75 140,167 354.25 29,229 364.25 157,271 374.25 23,371 1,774 2,640 736 Low 318.25 330 50 339.25 381.25 387.50 388.00 390.00 402.00 6,655 415 We did several examples in class with the Mar 15 contract. Recall that the Settlement price on the November 21" listing we used in class was 385.25 a) Suppose you had taken long position in the Mar 2015 contract on November 21%. How much would you have had to post as margin, on Nov 21, assuming a 20% margin requirement? b) By how much (SSS and cents) would your margin account have changed between Nov 21 and Dec 87 c) What is the % change in your margin account? (effectively, your Nov 21 to Dec 8 HPR). Round out to xx.yyy% or .xxyyy The Corn futures contract listing from Monday, December 8th Corn (CBT)-5,000 bu.; cents per bu. Dec 14 Mar 15 May 15 Jly 15 Sep 15 Dec 15 Mar 16 May 16 Jly 16 Sep 16 Dec 16 Dec 17 Open 380.50 394.00 402.25 408.75 414.00 421.25 430.25 436.50 443.00 436.50 427.75 420.50 High Low 388.25 399.75 408.25 414.50 418.25 426.50 435.00 441.00 Settle 376.50 377.50 -4.00 389.50 390.25 4.75 398.75 -4.75 405.25 -4.75 534.00 511.00 Chg High 517.00 398.00 404.25 523.25 527.25 408.75 410.00 -4.00 417.25 418.25 -4.50 504.00 426.00 427.00 -4.75 510.75 432.50 433.50 -4.50 512.00 446.75 438.50 438.75 -4.25 515.75 436.50 430.75 430.75 -4.00 498.25 432.00 -4.25 490.00 424.25 424.75 414,75 415.25 -4,25 474.50 421.00 LIFETIME Open Int 16,325 671,001 157,796 346.75 140,167 354.25 29,229 364.25 157,271 374.25 23,371 1,774 2,640 736 Low 318.25 330 50 339.25 381.25 387.50 388.00 390.00 402.00 6,655 415 We did several examples in class with the Mar 15 contract. Recall that the Settlement price on the November 21" listing we used in class was 385.25 a) Suppose you had taken long position in the Mar 2015 contract on November 21%. How much would you have had to post as margin, on Nov 21, assuming a 20% margin requirement? b) By how much (SSS and cents) would your margin account have changed between Nov 21 and Dec 87 c) What is the % change in your margin account? (effectively, your Nov 21 to Dec 8 HPR). Round out to xx.yyy% or .xxyyy

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