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What commodities are traded?

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26th Nov 2009 by Tobias John Sterling

A commodity is a type of good for which there is demand, and which is the same no matter where it is produced or who produces it (crude oil, for example, is the same no matter where it is produced and who does the producing). Because commodities are the same no matter where they come from, each has just one price, though this price of course fluctuates daily. Contrast this with goods which are manufactured -- manufactured goods can differ widely in quality (or more accurately, perceived quality), which greatly affects their price. There are of course many, many different commodities, but the commonly traded commodities are things like: silver; iron ore; platinum; copper; wheat; coal; sugar; salt; coffee beans; crude oil; gold; rice; aluminum; ethanol, and soybeans.

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9th Nov 2009 In Mutual Funds 1 Answers | 458 Views
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