Question: Processor: May SOY BEAN FUTURES are 880.4- ( contract unit-5,000 bushels; Min price fluctuation- 1/4 of one cent. (.0025) per bushel= $12.50) MAY SOY OIL
Processor:
May SOY BEAN FUTURES are 880.4- ( contract unit-5,000 bushels; Min price fluctuation- 1/4 of one cent. (.0025) per bushel= $12.50)
MAY SOY OIL is 26.44- (contract unit- 60,000 pounds; Min price fluctuation- 1/100 of one cent (.0001) per pound= $6.00)
May SOY MEAL is 325.4- (contract unit-100 short tons~91metric tons; Min price Fluctuation- .10 per short ton= $10.00)
How many contracts are needed? AND
what is the profit margin on 300.000 bushels of beans
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
