Final answer:
The highest trading price for the May coffee futures contract during the day was $138.00, which is option D, as reflected in the 'High' column of the provided data.
Step-by-step explanation:
The correct answer is option D: $138.00. The question asks for the highest price at which the May coffee futures contract traded during a specific day. According to the data provided, the "High" column represents the highest price the futures contract reached during the day in question.
For the May coffee futures contract, which is measured in 37,500 lbs., cents per pound, the highest price mentioned is 138.00 cents per pound. When considering this data from a financial market perspective, prices are usually quoted in cents per pound for commodities such as coffee.
Therefore, the price did not reach as high as $140.20, nor is the answer formatted as a monetary value like $1.3800 or $1.3715, making option D the correct response.
The correct answer is option D. $138.00.
The highest price at which the May coffee futures contract traded during this day was $138.00. This information is given in the Contract High column, where it shows that the contract reached a high of $138.00.
Coffee prices can be quite volatile, as they are influenced by factors such as supply and demand, weather conditions, and global economic conditions. It is important for traders and investors to closely monitor coffee futures contracts and the factors that affect their prices.