Eric wants to buy september soybean futures because he


Contract size-5,000 bushels

Eric wants to buy September soybean futures because he believes that soybean prices are going to rise. He enters an order to buy one contract at $8.7725/bushel. The brokerage firm is going to charge Eric $35 commission to trade the contract. Assume in two months, September soybean futures are trading at $8.8175/bushel. What is Eric’s net profit/loss situation in two months assuming he did make the trade?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Eric wants to buy september soybean futures because he
Reference No:- TGS01349643

Expected delivery within 24 Hours