Farmer Carter will harvest 250,000 bushels of corn in 4 months. The current spot rate is 4 a bushel. The forward rate on a 5-month Future contract (5000 bushels) is3.5 a bushel. In 4 months, the spot rate is 3.2 a bushel and the forward rate of the Future contract is3.0 a bushel. What is the gain in the futures?
1) A $75,000
2) B $100,000
3) C $125,000
4) D $200,000