oneref: date=March 2009
Welcome to CWAnswers
CWAnswers is your guide to the sprawling world wide web. The directory aims to provide a useful guide made by users. You can share your knowledge as well - simply sign up and edit your first entry. For questions just contact the team at support - at - cwanswers.com.
Weblinks for Commodity
Top 10 for Commodity
Things about Commodity you find nowhere else.
Select content modules
The Commodity Blog
This commodity shows you the top ten tips that ... what is a commodity. General No Comments " ... Former Biodiesel Board Chair Honored at Commodity Classic ...thecommodityblog.com/CommodityBullMarket.com
Labels: commodities blog, commodity bull market, commodity investing, investing ... Rod Underhill Blog - technology, business & the law. Seeking Alpha. The ...commoditybullmarket.blogspot.com/Commodities - About Commodities and Futures Trading Blog
Commodities trading education, including daily research and news, the basics of commodities, finding a commodity broker and trading strategies. Blogcommodities.about.com/b/Eric Roseman's Eruptions: Stocks, Global Markets and Commodities BLOG
Uncensored Rants About Unbelievable Values ... Natural Gas the Cheapest Commodity Speculation. O'Higgins, Buffett Predict Return of Inflation ...rosemanblog.sovereignsociety.com/MBWealth's Commodity Blog " Blog Archive " HI HO Silver
MBWealth's Commodity Blog " Blog Archive " HI HO Silver Says: ... MBWealth's Commodity Blog is proudly powered by WordPress. Entries (RSS) and Comments (RSS) ...commodityblog.mbwealth.com/2008/11/17/hi-ho-silver/oneref: date=March 2009
A commodity is something for which there is demand, but which is supplied without qualitative differentiation across a market. It is a product that is the same no matter who produces it, such as petroleum, notebook paper, or milk. In other words, copper is copper. The price of copper is universal, and fluctuates daily based on global supply and demand. Stereos, on the other hand, have many levels of quality. And, the better a stereo is, the more it will cost.
One of the characteristics of a commodity good is that its price is determined as a function of its market as a whole. Well-established physical commodities have actively traded spot and derivative markets. Generally, these are basic resources and agricultural products such as iron ore, crude oil, coal, ethanol, salt, sugar, coffee beans, soybeans, aluminum, rice, wheat, gold and silver.
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. As such, goods that formerly carried premium margins for market participants have become commodities, such as generic pharmaceuticals and silicon chips.
Etymology
Commodity trade
Main: Futures exchange In the original and simplified sense, commodities were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the contract and this underlying standard that define the commodity, not any quality inherent in the product.
Commodities exchanges include:
- Chicago Board of Trade
- Kansas City Board of Trade
- Euronext.liffe
- Kuala Lumpur Futures Exchange
- Bhatinda Om & Oil Exchange
- London Metal Exchange
- New York Mercantile Exchange
- Multi Commodity Exchange
- Dalian Commodity Exchange
Markets for trading commodities can be very efficient, particularly if the division into pools matches demand segments. These markets will quickly respond to changes in supply and demand to find an equilibrium price and quantity. In addition, investors can gain passive exposure to the commodity markets through a commodity price index.
Commodities in Marxism
for: Commodity (Marxism)
In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service produced by human labour and offered as a product for general sale on the market. Some other priced goods are also treated as commodities, e.g. human labor-power, works of art and natural resources, even although they may not be produced specifically for the market, or be non-reproducible goods.
Marx's analysis of the commodity is intended to help solve the problem of what establishes the economic value of goods, using the labor theory of value. This problem was extensively debated by Adam Smith, David Ricardo and Karl Rodbertus-Jagetzow among others. Value and price are not equivalent terms in economics, and theorising the specific relationship of value to market price has been a challenge for both liberal and Marxist economists.
























