Which item is explicitly mentioned as being traded on the Chicago Board of Trade in the material?

Which item is explicitly mentioned as being traded on the Chicago Board of Trade in the material?

• A. Corn futures contracts
• B. Soybean futures contracts
• C. Wheat futures contracts
• D. Coffee futures contracts

Answer: (A)

Corn futures contracts are the item explicitly mentioned as traded on the Chicago Board of Trade in the material. The CBOT is a major exchange for agricultural futures, and the material specifically names corn futures contracts as being traded there, which is why this option is correct. Futures contracts are standardized agreements to buy or sell a set quantity of a commodity at a predetermined price on a future date, which is why exchanges like the CBOT host these trades. The other commodities—soybeans, wheat, and coffee—are common futures, but they aren’t the ones named in the material, so they don’t fit the prompt.

Corn futures contracts are the item explicitly mentioned as traded on the Chicago Board of Trade in the material. The CBOT is a major exchange for agricultural futures, and the material specifically names corn futures contracts as being traded there, which is why this option is correct. Futures contracts are standardized agreements to buy or sell a set quantity of a commodity at a predetermined price on a future date, which is why exchanges like the CBOT host these trades. The other commodities—soybeans, wheat, and coffee—are common futures, but they aren’t the ones named in the material, so they don’t fit the prompt.