Closing Out Our March Corn Futures Contract at 357% Profit

Today our March 2014 Corn Futures contract expires (this is the last business day before the 15th of the contract month).  We closed out our position by selling this contract at 485.  We were long from 445 (see our previous posts about Corn here), netting a 40 point profit.  At $50/point we made $2000 profit on this trade.  That’s a 357% ROI!

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