Question: Hi, Could you please help with the below question. Gerald's Grains has distributed a genetically modified grain that has been widely used by NSW wheat

Hi, Could you please help with the below question.

Gerald's Grains has distributed a genetically modified grain that has been widely used by NSW wheat farmers.On 15th November 2019, Gerald decides that before this evening's 'Four Corners' expos goes to air detailing the link with Deranged Baker Disorder, he should take up a position to profit from the imminent detrimental impact the news will have on NSW wheat prices.If he is prepared to trade in 50 close-dated Eastern Australian Wheat futures contracts (of 20 metric tonnes / contract);

i)What would be a possible strategy to profit?.

ii)What would be his profit or loss if all futures contract decrease in value by 60%?

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