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Primary commodity |
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Primary commodityPrimary productSimilar MatchesCommodity futures contractCommodity 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. CommodityCommodityCould refer to any good, but in a trade context a commodity is usually a raw material or primary product that enters into international trade, such as metals (tin, manganese) or basic agricultural products (coffee, cocoa). 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. Physical commodityPhysical commoditySee: Commodity Spot commoditySpot commodityA commodity that is traded with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered. Further SuggestionsMalaysia Commodity ExchangeCommodity Futures Trading Commission Tokyo Commodity Exchange (TOCOM) Commodity pattern of trade Intracommodity spread Commodity Commodity indices Commodity Bundle Commodity agreement London Commodity Exchange Intercommodity spread Commodity Credit Corporation Commodity Trading Advisor Commodity backed bond Commodity prices London Commodity Exchange (LCE) Commodity Trading Advisor Commodity Futures Trading Commission (CFTC) The Harmonized Commodity Description and Coding System Cash commodity Export Commodity Control List Commodity Research Bureau Commodity paper |
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