Where will agriculture take you?

Wednesday, June 6, 2012

Chicago Board of Trade

"Elastic demand," "marginal revenue," suddenly terms from my freshman agriculture economics class are being used around me. At the Chicago Board of Trade's Southeast Asian branch in Malaysia, our I-CAL team met with economists. We discussed the American origins of the company and its global purpose. 

The Chicago Board of Trade is focused on security, risk management to ensure its customers receive quality service and prices. Futures, market prices and demand were discussed during our visit. We also focused on the agriculture sector and the main commodity crops that are traded within the Board. 

The company is constantly expanding its agriculture products to include new varieties of commodities. The discussion wrapped up after viewing global charts of the Board's regional impact. From the U.S. to Southeast Asia, the Chicago Board of Trade has been entrusted by investors since 1848.

Shasta S., myself and Margary M. discuss current agriculture trade trends with trade board representatives. 

At the Chicago Board of Trade Southeast Asian Headquarters! 

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