Suppose you purchase a July 2020 orange juice futures contract on this day at the last price of the day. What will your profit or loss be if orange juice prices turn out to be $1.213 per pound at expiration? Use Table 23.1. (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.)

TABLE 23.1 Sample Wall Street Journal Futures Price Quotations

Metal & Petroleum Futures
Contract	Chg	Open Interest
Open High	hi Lo Low Settle
Copper-High (CMX)25,000 lb; $ per lb
May 2.3655 2.4260 2.3400 2.4050 0.0715 1,672
July 2.3375 2.4285	2.3340 2.4040	0.0735 99,558
Gold (CMX)100 troy oz; $ per troy oz
May 1755.70 1770.50	1734.10 1731.80	21.60 1,335
June 1757.50 1775.80 1729.30 1734.40 21.90 257,707
Aug 1769.40 1787.50	1741.90 1746.70	21.30 165,420
Oct 1780.00 1792.90 1750.50 1753.60 19.60 18,096
Dec 1780.00 1800.00	1756.20 1760.60	18.10 63,563
Feb21 1765.00 1775.00 1762.00 1763.60 17.40 10,863
Palladium (NYM)50 troy oz; $ per troy oz
May ... ... ... 2021.80 169.20 ...
June 1873.10 20770.00	1863.70 2027.10	169.20 3,381
Sept 1880.00 2050.00 1880.00 2016.20 161.30 3,318
Dec 2000.00 2000.00	2000.00 2009.20	161.50 393
Platinum (NYM)50 troy oz; $ per troy oz.
May 807.60 807.60	805.10 864.70	52.20 8
July 823.10 877.00 822.70 869.30 52.20 42,602
Silver (CMX)5,000 troy oz.; $ per troy oz
May 17.220 17.585 17.220 17.464 0.418 353
July 17.225 17.985	17.125 17.468	0.398 111,605
Crude Oil, Light Sweet (NYM)1,000 bbl; $ per bbl
June 29.53 33.32	29.53 31.82	2.39 54,931
July 29.81 33.10 29.55 31.65 2.13 308,131
Aug 30.30 33.52	30.15 32.27	2.15 248,058
Sept 30.92 33.90 30.69 32.87 2.18 304,304
Dec 32.25 34.77	32.13 34.07	2.06 339,481
Dec21 35.55 37.81 35.55 37.30 1.76 129,484
NY Harbor ULSD (NYM)42,000 gal; $ per gal
June .9205 1.0286 .9195 1.0064 .0860 52,223

Source: The Wall Street Journal, May 19, 2020.