Commodity

commoditiescommodity pricescommodity goodhard commoditiesHomogeneous productscommercially possiblecommodifiablecommodificationCommodification of labourcommodified
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.wikipedia
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Fungibility

fungiblefungible goodsFungible things
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of its parts is indistinguishable from another part.

Derivative (finance)

derivativesderivativefinancial derivatives
The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets.
The assets include commodities, stocks, bonds, interest rates and currencies, but they can also be other derivatives, which adds another layer of complexity to proper valuation.

Brand

brand namemarquebrands
The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.
A commodity brand is a brand associated with a commodity.

Goods

goodeconomic goodcommodity
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
A consumer good or "final good" is any commodity that is produced or consumed by the consumer to satisfy current wants or needs.

Spot market

spotspot conversionscash market
The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets.
The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery.

Service (economics)

servicesserviceBusiness Services
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
Most modern business theorists describe a continuum with pure service on one terminal point and pure commodity good on the other.

Soft commodity

soft commoditiessoftsCommodity
Soft commodities are goods that are grown, such as wheat, or rice.
Soft commodities, or softs, are commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit and livestock.

Capitalism

capitalistcapitalistscapitalistic
Karl Marx described this property as follows: "From the taste of wheat, it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist."
Simple commodity exchange and consequently simple commodity production, which are the initial basis for the growth of capital from trade, have a very long history.

Electricity market

saleswholesale electricity marketelectricity markets
Few products have complete undifferentiability and hence fungibility; even electricity can be differentiated in the market based on its method of generation (e.g., fossil fuel, wind, solar), in markets where energy choice lets a buyer opt (and pay more) for renewable methods if desired.
In economic terms, electricity is a commodity capable of being bought, sold, and traded.

Petroleum

crude oiloilcrude
Petroleum and copper are examples of commodity goods: their supply and demand are a part of one universal market.
Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities.

Glencore

Glencore XstrataGlencore InternationalGlencore International AG
As Glencore International, the company was already one of the world's leading integrated producers and marketers of commodities.

Cargill

Cargill, Inc.Cargill Inc.Cargill Salt
Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel and transport; the raising of livestock and production of feed; and producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use.

Market (economics)

marketmarketsmarket forces
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
Koichi Shimizu proposed a 7Cs Compass Model (corporation, commodity, cost, communication, channel, consumer, circumstances) to provide a more complete picture of the nature of marketing in 1981.

List of commodities exchanges

commodities exchangecommodity exchangecommodity exchanges
A commodities exchange is an exchange, or market, where various commodities are traded.

Commoditization

commoditizedcommoditisationcommoditising
Commoditization occurs as a goods or services market loses differentiation across its supply base, often by the diffusion of the intellectual capital necessary to acquire or produce it efficiently.
In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.

Iron ore

ironiron mineiron-ore
Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat.
Given that most other commodities already have a mature market-based pricing system, it is natural for iron ore to follow suit.

Commodity price index

commodity price indicescommodity indicescommodity futures price index
In addition, investors can gain passive exposure to the commodity markets through a commodity price index.
A commodity price index is a fixed-weight index or (weighted) average of selected commodity prices, which may be based on spot or futures prices.

Mining

mineminescopper mine
Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat.
Mining is heavily affected by the prices of the commodity minerals, which are often volatile.

Raw material

raw materialsfeedstockmaterial
Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat.

Price

market pricepricesretail price
These markets will quickly respond to changes in supply and demand to find an equilibrium price and quantity.
(For commodities, they are expressed as currency per unit weight of the commodity, e.g. euros per kilogram or Rands per KG.) Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen.

Kansas City Board of Trade

Board of Trade
The Kansas City Board of Trade (KCBT), was an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission.

Inflation

inflation rateprice inflationfood inflation
In order to diversify their investments and mitigate the risks associated with inflationary debasement of currencies, pension funds and sovereign wealth funds allocate capital to non-listed assets such as a commodities and commodity-related infrastructure.
By the nineteenth century, economists categorized three separate factors that cause a rise or fall in the price of goods: a change in the value or production costs of the good, a change in the price of money which then was usually a fluctuation in the commodity price of the metallic content in the currency, and currency depreciation resulting from an increased supply of currency relative to the quantity of redeemable metal backing the currency.

Euronext

Irish Stock ExchangeBrussels Stock ExchangeEuronext Lisbon
Its total product offering includes equities, exchange-traded funds, warrants and certificates, bonds, derivatives, commodities and indices as well as a foreign exchange trading platform.

Chicago Board of Trade

CBOTBoard of TradeBoard of Trade Building
The concerns of U.S. merchants to ensure that there were buyers and sellers for commodities have resulted in forward contracts to sell and buy commodities.

New York Mercantile Exchange

NYMEXCOMEXCommodity Exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago.