Question: A trader executes a spread trade in which it buys 10,000 bushes of cash wheat for $4.30 per bushel and sells two futures contracts at

 A trader executes a spread trade in which it buys 10,000

A trader executes a spread trade in which it buys 10,000 bushes of cash wheat for $4.30 per bushel and sells two futures contracts at a price of $4.60. After three months, the trader sells the cash corn at a price of $6.15 per bushels and buys two futures contracts at a price of $6.13. Storage costs are 1 cent per month. The size of the wheat futures contract is 5000 bushels. Ignore the time value of money for these calculations. Calculate the total gains or losses

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