A marketplace where trade of primary or raw products is done rather than manufactured products is defined as a commodity market. This can be physical or virtual marketplace where buying selling and trading is done. Around the world, there are 50 major commodity markets where investment trade is facilitated with nearly 100 primary commodities.
Charting commodity market price behavior By L. Dee Belveal (published by Dow Jones-Irwin, 1985)
Agricultural Commodity Markets and Trade: New Approaches to Analyzing Market Structure and Instability Edited by Alexander Sarris, David Hallam (published by Edward Elgar Publishing)
There are two types of commodities, and one is hard and other is soft commodities. Under hard commodity title, typically natural resources that must be mined and extracted (such as gold, oil, rubber, etc.) are included. Soft commodities include agricultural products or livestock (like corn, coffee, wheat, sugar, pork, soybeans, etc.
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