Commodities

Commodities are materials (goods) that are still in its natural state (the raw materials) used by humans to produce a inhabitable world. People use agrarian products to feed themselves, energy to support them, metals to build tools and weapons.

These are agricultural products, energy and metals are the three types of commodities, and they are the fundamental elements of the world economy.
All commodities have the following common characteristics:

Commodities are tradable: They are meet needs to be a feasible mechanism to help to the individual or corporation to trade they. For example, a raw materials having been alluded to commodity if it has a futures contract is traded on one of the major stock exchanges, or if a company traded on one of the major stock exchanges processes it, or if exists an Exchange-Traded Fund (ETF) that tracks it.

Deliverability (Distribution system can supply some good in a given period of time): All the commodities should be physically deliverable. For example, a crude oil is deliverable material due to it can be delivered in barrels. Corn, rice and wheat are included due to they can be delivered by the bushel.

Liquidity (The availability of liquid assets to a market): Every commodity has a constantly moving market with sellers and buyers permanently transacting with each other. Liquidity is critical because it gives to the investor or trader the ability to sell the commodity without causing a meaningful change in the price and with minimum loss of commodity's value.

Major Commodities Exchanges

The exchange where different commodities, futures contracts on commodities and their derivatives products are traded is a commodities exchange. There are few forms of commodities trading There are major commodities exchanges over the word:

Economy	Stock Exchange	Location
United States	CBOT - Chicago Board of Trade	Chicago
United States	CME - Chicago Mercantile Exchange	Chicago
United States	ICE - Intercontinental Exchange	Atlanta
United States	NYMEX - New York Mercantile Exchange	New York City
United Kingdom	LME - London Metal Exchange	London
Japan	TOCOM - Tokyo Commodity Exchange	Tokyo
India	MCX - Multi Commodity Exchange	Mumbai
Australia	ASX - Australian Securities Exchange	Sydney

Types Of Commodities

All commodities may be devided into folloving main classes:

Agricultural Commodities (grains, food and fiber):

Corn (CBOT/ZC, EMA), Oats (EURONEXT/O, ZO), Rough Rice(CBOT/RR), Soybeans(CBOT/S, ZS), Rapeseed(ECO), Soybean Meal(SM, ZM), Soybean Oil(CBOT/BO, ZB), Wheat(CBOT/W, ZW), Milk(CME/DC), Cocoa(ICE/CC), Coffee(ICE/KC), Cotton(ICE/CT), Sugar(ICE/SB, SE), Orange Juice(ICE/FCOJ-A)

Livestock and Meat Commodities:

Lean Hogs(CME/LH), Frozen Pork Bellies(CME/PB), Live Cattle(CME/LC), Feeder Cattle(CME/FC)

Energy Commodities:

WTI Crude Oil(NYMEX/CL, ICE/WTI), Brent Crude Oil(ICE/B), Ethanol(CBOT/AC, ZE), Natural Gas(NYMEX/NG), Heating Oil(NYMEX/HO), Gulf Coast Gasoline(NYMEX/LR), RBOB Gasoline - reformulated gasoline blendstock for oxygen blending(NYMEX/RB), Propane(NYMEX/PN), Purified Terephthalic Acid(ZCE/TA)

Precious and Industrial Metals

Gold, Platinum, Palladium, Silver, Copper, Lead, Zinc, Tin, Aluminium, Nickel, Cobalt, Molybdenum, Recycled steel.

Rare metals

Germanium, Cadmium, Rhodium, Chromium, Magnesium, Beryllium, Manganese, Niobium, Silicon, Selenium, Lithium, Titanium, Vanadium, Wolframite, Indium, Gallium, Tantalum, Tellurium.