KANSAS CITY — There’s no more call for the Kansas City Board of Trade. The Board closed Friday. Chicago-based CME Group bought the exchange last year for $126 million and moved it to CME’s Chicago floors. The Board served as the sales point for Kansas wheat farmers and millers and shippers. The Kansas City Board of Trade was one of the country’s largest financial markets because most of the hard red winter wheat trade passed through. Although the exchange is now in Chicago, CME is keeping “Kansas City” in the name of the hard red winter wheat contracts for the time being. CME says the wheat contract carries strong name recognition and a long history.
Updated 7/1/13 @ 10:25 pm
