Chicago Board of Trade (CBOT)

The Chicago Board of Trade (CBOT) is a historic futures exchange based in Chicago where traders buy and sell standardized contracts to buy or sell commodities like grains, soybeans, or financial instruments at predetermined prices for future delivery. It helps producers, consumers, and investors manage price risks and provides a transparent marketplace. Founded in 1848, the CBOT operates as part of CME Group, one of the largest derivatives marketplaces globally. Its role is to facilitate price discovery and risk management efficiently, ensuring smoother trading in essential commodities and financial assets.