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Kansas City Board of Trade

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Kansas City Board of Trade

Overview:

The Kansas City Board of Trade (KCBT), located at 4800 Main Street in Kansas City, Missouri, is a commodity futures and options exchange regulated by the Commodity Futures Trading Commission (CFTC) that specializes in the hard red winter wheat -- the principal ingredient of bread.

The primary product traded at the exchange are futures contracts on hard red winter wheat, and the underlying option contracts. Due to its nutritional value, the hard red winter wheat usually trades at a premium to the Chicago Board of Trade's soft red winter wheat. The exchange facilitates the transfer of ownership of the futures and options contracts through the open outcry system.
The Board originally was organized in 1856 shortly after Kansas City itself was founded and served as the city's Chamber of Commerce. It was formally chartered in 1876. Among its founders was Edward H. Allen.

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