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Commodity futures contract |
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Commodity futures contractAn agreement to buy a specific amount of a commodity at a specified price on a particular date in the future, allowing a producer to guarantee the price of a product or raw material used in production.Commodity futures contract Similar MatchesCommodity pattern of tradeCommodity pattern of tradeThe trade pattern of a country or the world, focusing on goods and services traded as opposed to the factor content of that trade. Commodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures. Commodity (commodities)Commodity (commodities)Basic raw materials and foodstuffs such as metals, petroleum, coffee, grain etc.Commodities are traded on a commodity exchange both by the companies that use them (e.g. chocolate manufacturers) and by speculators. Futures contracts allow commodity producers and commodity users to bring some predictability and stability to pricing. By buying futures contracts, they can hedge against underlying price changes in the commodity.In the USA the main ones are the Chicago Board of Trade, Chicago Mercantile Exchange, Kansas City Board of Trade and Mid America Commodity Exchange.In the UK, commodities are traded on the London Metal Exchange, the International Petroleum Exchange and The London International Financial Futures and Options Exchange which incorporates the London Commodity Exchange. Intracommodity spreadIntracommodity spreadUsed in the context of futures trading to refer to a trader holding, buying, and selling contracts in the same commodity on the same exchange, but for different months. London Commodity Exchange (LCE)London Commodity Exchange (LCE)Merged with the London International Financial Futures and Options Exchange in 1996. Further SuggestionsThe Harmonized Commodity Description and Coding SystemCommodity Commodity backed bond Commodity Trading Advisor Commodity Trading Advisor Tokyo Commodity Exchange (TOCOM) Malaysia Commodity Exchange Commodity Research Bureau Commodity Credit Corporation Commodity paper Intercommodity spread Commodity Bundle Physical commodity London Commodity Exchange Commodity Export Commodity Control List Commodity indices Commodity prices Commodity agreement Primary commodity Cash commodity Spot commodity Commodity Futures Trading Commission |
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