Question: detailed explanation, please. The table below illustrates the current listing of the wheat future contract on the Chicago Board of trade. Each contract calls for

detailed explanation, please.

detailed explanation, please. The table below illustrates the current listing of the

The table below illustrates the current listing of the wheat future contract on the Chicago Board of trade. Each contract calls for delivery of 5,000 bushels of wheat. Assume you purchased four April contracts on wheat when the price quote was $7.277. Given today closing price (or settle price) as shown in the table, what will be your profit or loss if the price at maturity went to $7.25? open 746'90 high 752'90 low 731'20 settle 733'20 April 2019

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