The main purpose of a commodity market is to provide a platform for the buying and selling of goods. These transactions can be both physical and virtual
There are several types of financial markets, commonly categorized into four main types: capital markets, money markets, derivatives markets, and foreign exchange markets. Each of these markets serves different purposes, such as facilitating the buying and selling of securities, managing short-term funding, trading financial instruments like options and futures, and exchanging currencies globally. Additionally, there are specialized markets like commodity markets and insurance markets. The total number of financial markets can vary based on regional distinctions and specific financial instruments involved.
The main benefit of commodity future trading is that it will help balance out supply and demand. It will also add a little competition to the markets which will in turn help the consumers get a better price for goods.
they are global
there are 2 different definitions of commodity markets; the securities one and the one where we all buy and sell things. A commodity is something we sell but in the securities world, it means minerals, orange juice, etc.
Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.
Just Pork., Dead carcas of Pig ! Traded in commodity markets. a.k.a Bacon, Lard etc
flexible and have additional purposes
OBM, Official Board Markets.
Marketable commodity, even for the bourgeois houses
Custom duty
Lind-waldock.com is a great website for commodity charts because of them in all markets around the world.
One can find commodity futures prices from the following sources: Saxo Markets, Bloomberg, Barchart, PSG Online, Commodity Charts, Investopedia, to name a few.