A trader buys two long July futures contracts on orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, the initial margin is $$\$ 6,000$$ per contract, and the maintenance margin is $$\$ 4,500$$ per contract. What price change would lead to a margin call? Under what circumstances could $$\$ 2,000$$ be withdrawn from the margin account? There is a margin call if $$\$ 1,500$$ is lost on one contract. This happens if the futures price of orange juice falls by 10 cents to 150 cents per lb. $$\$ 2,000$$ can be withdrawn from the margin account if there is a gain on one contract of $$\$ 1,000$$. This will happen if the futures price rises by 6.67 cents to 166.67 cents per lb.