You sold one corn future contract at $2.29 per bushel.What would be your profit (loss) at maturity if the corn spot price at that time were $2.10 per bushel? Assume the contract size is 5,000 bushels and there are no transactions costs.

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By selling a corn future contract at $2.29 per bushel and the spot price at maturity being $2.10 per bushel, you would profit from the decrease in price. The difference is $0.19 per bushel. For a contract size of 5,000 bushels, the total profit is 5,000 bushels * $0.19/bushel = $950.

You Sold One Corn Future Contract at $2