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for: Commodity (Marxism) A commodity is anything for which there is demand, but which is supplied without qualitative differentiation across a market. In other words, copper is copper. Rice is rice. Stereos, on the other hand, have many levels of quality. And, the better a stereo is, the more it will cost. The price of copper is universal, and fluctuates daily based on global supply and demand..

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Wikipedia about commodity

for: Commodity (Marxism) A commodity is anything for which there is demand, but which is supplied without qualitative differentiation across a market. In other words, copper is copper. Rice is rice. Stereos, on the other hand, have many levels of quality. And, the better a stereo is, the more it will cost. The price of copper is universal, and fluctuates daily based on global supply and demand..

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
  • 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.

See also

  • List of traded commodities
  • Commodity fetishism
  • Commodity markets
  • Commodity money
  • Commodity price index
  • Trade
  • Jim Rogers (commodities expert)
  • Trading Places - comedic film about playing the commodity markets

External links

Search results for Commodity

commodity Definition

commodity - definition of commodity - A physical substance, such as food, grains, ... 'commodity' appears in these other terms: ...www.investorwords.com/975/commodity.html

commodity: Definition, Synonyms from Answers.com

commodity n. , pl. -ties . Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are awww.answers.com/topic/commodity

CBOT - Commodity News for Tomorrow

Commodity News for Tomorrow. Delayed Quotes & Charts. Time & Sales. Settlement Prices ... Commodity News For Tomorrow is made available as a complimentary ...www.cbot.com/commoditynews

Commodity Charts & Market Quotes

Offers daily commodity futures and financial market information.futures.tradingcharts.com/

Chicago Board of Trade

The Chicago Board of Trade is a global commodity futures exchange trading treasury bonds, corn, soybean, wheat, mini-sized Dow, gold, silver and more.www.cbot.com/cbot/www/page/0,1398,12+29,00.html

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News about Commodity

Toronto stock market sharply lower on plunging commodity stocks

Canadian BusinessKristine Owram, The Canadian Press October 2, 2008 - 2:55 p.m. TORONTO - The Toronto stock market was hammered lower in afternoon trading Thursday on plunging commodity stocks, while New York indexes also ran deeply into the red.http://www.canadianbusiness.com/markets/headline_news/articl...

Toronto stock market closes down more than 800 points on plunging commodity stocks

660 NewsToronto - The Toronto stock market once again suffered one of the biggest point drops in its history Thursday on plunging commodity stocks, while New York indexes also ran deeply into the red. Toronto ...http://www.660news.com/news/local/article.jsp?content=200810...

Investec Commodity Arm May Start Private Equity Fund, WSJ Says

BloombergOct. 2 (Bloomberg) -- Investec Ltd.'s commodity unit may start a private equity fund to invest in mining, the Wall Street Journal reported, citing George W. Rogers, head of commodities and resource finance at the company.http://www.bloomberg.com/apps/news?pid=20601116&sid=aybh4FCD...

ICE FCOJ Review: Nov Tumbles 6.2% On Commodity Sell-Off

INO NewsNovember frozen concentrated orange juice futures fell 6.2% on speculative fund sales sparked by a rallying dollar and a widespread commodity sell-off, with clear tropical weather offering traders yet another reason to sell, brokers and analysts said Thursday.http://news.ino.com/headlines/?newsid=20081002011217

Toronto stock down more than 500 points as commodity outlook grows bleaker

Canadian BusinessKristine Owram, The Canadian Press October 2, 2008 - 10:50 a.m. TORONTO - The Toronto stock market lost more than 500 points in mid-morning trading Thursday on plunging commodity stocks.http://www.canadianbusiness.com/markets/headline_news/articl...

News about Commodity

Alabama's 'economy of hope'

Times DailyWith the economy like it is today, hope is a very valuable commodity." So, apparently, is Saban. He was regarded as a sound investment because he had been successful at Michigan State and led LSU to a national title before spending two seasons in the ... http://www.timesdaily.com/article/20081012/ARTICLES/81012035...

Hard yakka”, says Barramundi fund chairman

National Business ReviewBut much of these gains were wiped out in recent weeks, as commodity stocks slumped due to the impact of a global recession on demand. And Credit Corp has been nicknamed “Credit Corpse” by Australian commentators for its share price meltdown. ... http://www.nbr.co.nz/article/hard-yakka-says-barramundi-fund...

Retail Sales Probably Fell in September: U.S. Economy Preview

BloombergRecent intensification of the financial crisis has augmented the downside risks to growth,'' the Federal Reserve said Oct. 8 as it announced a surprise half-point cut in its target rate, to 1.5 percent. ``The decline in energy and other commodity ... http://www.bloomberg.com/apps/news?pid=20601068&refer=&sid=a...

Commodities R.I.P. as Leverage Vanishes, Growth Slows (Update1)

BloombergUBS AG, the Zurich-based bank that bought Enron Corp.'s energy unit in 2002, plans to exit most commodity trading. About 15 percent of investors in Boone Pickens 's BP Capital LLC hedge fund may want their money back. The same credit-market ... http://www.bloomberg.com/apps/news?pid=20601087&sid=a9T0Q5lV...

The Crash of 2008

Seekingalpha.comThe scope of recent events in the financial markets has been nothing short of dumbfounding. Stock, bond and commodity markets have crashed. The MSCI World Equity Index, the broadest measure of the global stock market, has plunged 30% in the past ... http://seekingalpha.com/article/99588-the-crash-of-2008

Search results for Commodity

Commodity Challenge - An Agricultural Marketing Simulation

Market News: Commodity Challenge 6.0 – Test your marketing know-how in virtual reality! October 6, 2008 - Wheat Melts Through Supports For another week, wheat was not spared the ... http://www.commoditychallenge.com/

Commodity Charts & Quotes - Free

Free! commodity charts courtesy of TFC Commodity Charts. We track many major commodities and financial indicators, making the information available in the form of free commodity ... http://www.tfc-charts.com/

commodity Definition

commodity - definition of commodity - A physical substance, such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors ... http://www.investorwords.com/975/commodity.html

commodity - definition of commodity by the Free Online Dictionary ...

com·mod·i·ty   (k-m d-t) n. pl. com·mod·i·ties. 1. Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are a rare ... http://www.thefreedictionary.com/commodity

Commodity Update

Free Trial Pricing starts at $9.95 per month. Click here to try it for freehttp://www.commodityupdate.com/
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Videos found for Commodity

Natural Gas: An Emerging Global Com...

Natural Gas: An Emerging Global CommodityNatural Gas: An Emerging Global Commodity World Petroleum Congress - Madrid, Spain This plenary session of the 19th World Petroleum Congress is a discussion of the emerging...Flash - Video

Merath Says Commodities Drop 'Corre...

Merath Says Commodities Drop 'Correction not Collapse'Tobias Merath, a commodity analyst at Credit Suisse Group, talks with Bloomberg's Bernard Lo and Haslinda Amin in Singapore about the impact of declining demand, falling prices...Windows Media - Video

Kevlar Is Hot Commodity

Kevlar Is Hot CommodityGrowing global demand prompts DuPont to invest $500 million to increase production of KevlarFlash - Video

Dollar Gains on Commodity

Dollar Gains on Commodityhttp://squidoo.com/infinitefx The Dollar rose against the Euro. The Euro was pressured by weaker servicesFlash - Video

Contango & backwardation in commodi...

Contango & backwardation in commodity forward marketsContango and backwardation are about the relationship between the spot and forward price. If Forward is greater than Spot, it's contango (upward sloping forward curve). If Forward...Flash - Video

Videos found for Commodity

Overall Commodity Inflation Nov 200...

Overall Commodity Inflation Nov 2006 Part 2Overall Commodity Inflation Nov 2006 Part 2 6 min 17 sec - Jan 10, 2007 In this video, you'll see me use the Research Engine to forecast the most probable direction of the major commodity markets ...flash: 0 MB w:320px - h:240px

Stock Market - Commodity Transition...

Stock Market - Commodity Transition Jan 2007 Part 1 of 4Stock Market - Commodity Transition Jan 2007 Part 1 of 4 5 min 2 sec - Jan 18, 2007 As we embark on 2007, we have determined that this year should be a major transitional time frame during with two ...flash: 0 MB w:320px - h:240px

Stock Market - Commodity Transition...

Stock Market - Commodity Transition Jan 2007 Part 4 of 4Stock Market - Commodity Transition Jan 2007 Part 4 of 4 3 min 48 sec - Jan 18, 2007 As we embark on 2007, we have determined that this year should be a major transitional time frame during with two...flash: 0 MB w:320px - h:240px

Stock Market - Commodity Transition...

Stock Market - Commodity Transition Jan 2007 Part 3 of 4Stock Market - Commodity Transition Jan 2007 Part 3 of 4 2 min 59 sec - Jan 18, 2007 As we embark on 2007, we have determined that this year should be a major transitional time frame during with two...flash: 0 MB w:320px - h:240px

Trader Talk - Commodity Stocks

Trader Talk - Commodity StocksTrader Talk - Commodity Stocks First Business Morning News 1 min 24 sec - Dec 21, 2006 A bullish options play on ethanol with Tim Biggam of Man Financial CHART: S P ($INX), Archer Daniels Midland (A...flash: 0 MB w:320px - h:240px

Answers for Commodity

soe s

What are commodity operations and Unit price of imports?

soe s1. commodity operations is the operations taken by government to distribute commodities in scoiety 2. Unit price of imports is the price at which the import per unit is brought in
mermaid

Commodity?

mermaid
sidharth_manu

Are Futures the only way to determine the price of a commodity? Why does it affect the prices globally?

sidharth_manuNo, actually, prices are usually settled in the "spot" market, which is to say, when a commodity (you are referring to oil here, but it could be rice) is sold to the end user. In this case, say the S...
Mohan M

what is the co relation between Dollar depreciation and commodity appreciation ?

Mohan MThis is a direct 1:1 inverse relationship. Here's why: You know what a dollar is. It is a piece of paper you'll exchange for something else. That something else is the "commodity." So, if the com...
skahhh

Can I trade oil on commodity exchanges all around the world without taking delivery and run it up?

skahhhYes, you can move your futures contracts into months that are farther out. This is called "rolling". It has nothing to do with going to different exchanges. The world oil market is too big to man...

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