Futures Market Project (my teacher hasnt explained ANYTHING about it) help!? i dont get economics....

Question

Implementation: Students will work in groups of 2 or 3 and research a commodity that is traded in the futures market. Each group will be given $100,000 per week to invest. The group must track the price of the futures contract(s) on a daily basis. The group will be responsible to research the suppoly and demand forces that are driving the price of the futures contract. A summary report will explain what you learned during this project.

Summar:

-Take an opening position (i decided to go short--which means sell-- and my commodity is sugar)

-close your position (whatttt?! idk how...)

Summary explainning:

Why you opened your position? (idk.....)

What actually happened to your futures contract?

[discuss the supply and demand forces] (again... what?)

How right or wrong you were?

[figure and discuss your profit or loss here]

What you would do different the next time?

[reflect and discuss what you would do if you could start again.

Complete an article review on your futures contract. (huh?)

HELP SOMEONE PLEASE!!! I CAN'T FAIL THISS!!!!

Answer 1

You can find the price of futures contracts for sugar at

http://new.quote.com/us/futures/chart.ac...

The month in the contract name refers to the month the sugar will be delivered to you if you own the contract , If you are speculating you will want to sell before then so you  will not have actually buy the sugar.

Unless your teacher gave you other instruction just pretend you bought or sold contracts and keep track of gains and losses

Answer 2

wow....this sounds so confusing! srry