A
board of trade is an
organized market for the
purchase and sale of
enforceable contracts to
deliver a commodity (e.g.,
wheat, cattle, cotton) at
some future date. Such
commodity contracts are also
known as futures, and are
bought and sold in a
competitive auction process
on commodity exchanges (also
known as futures markets).
More information about
specific exchanges
is available by clicking on
the links below.
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