1 answer

In October a trader enters into a single long December wheat futures contract at $5.10/bushel. In...

Question:


In October a trader enters into a single long December wheat futures contract at $5.10/bushel. In November the trader offset
In October a trader enters into a single long December wheat futures contract at $5.10/bushel. In November the trader offset (or closed) their position when the price of wheat on that December contract was $4.98/bushel. What is the trader's gain or loss (in S/bushel) from these transactions? You don't need include a dollar sign (S), just type in the number answer. If your answer is a loss, just put a negative sign in front of the number

Answers

A long position will gain if the price of the futures contract increases, and lose if the price of the futures contract decreases.

In this case, the price of the futures contract has decreased. Hence, it is a loss.

Loss = entry price - exit price = $5.10 - $4.98 = $0.12/bushel

The answer is -0.12

.

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