Summary of Carley Garner's A Trader's First Book On Commodities

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The Chicago Board of Trade, or CBOT, was created in the mid-1800s by a few grain traders to help farmers and consumers access efficient price discovery. It was the first formalized location for buyers and sellers to conduct business. #2 The Chicago Board of Trade, or CBOT, is the home of the trading of agricultural products such as corn, soybeans, and wheat. However, it has also traded Treasury bonds and notes and the Dow Jones Industrial Index. #3 The Chicago Mercantile Exchange, now a division of the CME Group, is responsible for trading in a vast array of contracts, including cattle, hogs, stock index futures, currency futures, and short-term interest rates. #4 The New York Mercantile Exchange was the first futures and options exchange, and was created in 1882. It was later modified to the Butter, Cheese, and Egg Exchange, and then the New York Mercantile Exchange.