The difference in this case is 8 cents per bushel. You can now liquidate your position (both contracts at the same time) and translate your gain into a dollar amount: $100 (or 5,000 bushels × $0.02)....

The difference in this case is 8 cents per bushel. You can now liquidate your position (both contracts at the same time) and translate your gain into a dollar amount: $100 (or 5,000 bushels × $0.02). Table 15.9 summarizes the activities of the trade.