The full form of CBOT is Chicago Board of Trade.
Understanding the Chicago Board of Trade (CBOT)
The Chicago Board of Trade (CBOT) is a prominent and historically significant commodity exchange. Established in 1848, it has played a crucial role in the structured trading of various goods.
CBOT's Foundational Focus
In its early years, the Chicago Board of Trade primarily concentrated on the trade of agricultural commodities. This initial focus was instrumental in standardizing and facilitating commerce for essential farm products.
Specifically, the commodities originally traded on CBOT included:
- Wheat
- Corn
- Soybeans
Key Facts About CBOT
To provide a clearer overview, here's a summary of key information regarding the Chicago Board of Trade:
| Acronym | Full Form | Type of Exchange | Established | Original Commodities Traded |
|---|---|---|---|---|
| CBOT | Chicago Board of Trade | Commodity Exchange | 1848 | Wheat, Corn, Soybeans |
