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Encyclopedia > Commodities exchange

A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can include spots, forwards, futures and options on futures. Other sophisticated products may include interest rates, environmental instruments, swaps, or ocean freight contracts. Exchange is the following: Usually an exchange is the process of giving and receiving. ... The word commodity has a different meaning in business than in Marxian political economy. ... A derivative is a financial contract whose payoffs over time are derived from the performance of assets (such as commodities, shares or bonds), interest rates, exchange rates, or indices (such as a stock market index, consumer price index (CPI) or an index of weather conditions). ... This article is in need of attention. ... material is the substance or matter from which something is or can be made, or also items needed for doing or creating something. ... Species T. boeoticum T. compactum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum References:   ITIS 42236 2002-09-22 Wheat (Triticum spp. ... Binomial name Hordeum vulgare L. Barley (Hordeum vulgare) is a major food and animal feed crop, a member of the grass family Poaceae. ... Magnified view of refined sugar crystals. ... Binomial name Zea mays L. Maize (Zea mays ssp. ... Cotton plant as imagined and drawn by John Mandeville in the 14th century Cotton is a soft fiber that grows around the seeds of the cotton plant (Gossypium spp. ... Cocoa is the dried and partially fermented fatty seed of the cacao tree from which chocolate is made. ... Coffee in beverage form. ... A glass of cows milk Milk most often means the nutrient fluid produced by the mammary glands of female mammals. ... Pork bellies are the underside of the hog, from which bacon is made. ... Oil is a generic term for organic liquids that are not miscible with water. ... Hot metal work from a blacksmith In chemistry, a metal (Greek: Metallon) is an element that readily forms ions (cations) and has metallic bonds, and metals are sometimes described as a lattice of positive ions (cations) in a cloud of electrons. ... Spot can refer to: Look up spot in Wiktionary, the free dictionary. ... A forward contract is an agreement between two parties to buy or sell an asset (which can be of any kind) at a pre-agreed future point in time. ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a set price specified on the last trading date. ... In finance, an option is a contract whereby the contract buyer has a right to exercise a feature of the contract (the option) at future date (the exercise date), and the writer (seller) has the obligation to honour the specified feature of the contract. ... An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ... An environment is a complex of external factors. ... In finance a swap is a derivative, where two counterparties exchange one stream of cash flows against another stream. ...


Commodities exchanges across the world

Some examples of commodity exchanges:


  Results from FactBites:
 
Commodity markets - Wikipedia, the free encyclopedia (2805 words)
Commodity money and commodity markets in a crude early form are believed to have originated in Sumeria where small baked clay tokens in the shape of sheep or goats were used in trade.
Some argue that this is not so much a commodity market but more of an assassination market speculating on the survival (or not) of Saddam or other leaders whose personal decisions may cause oil supply to fluctuate by military action.
Commodity thinking is undergoing a more direct revival thanks to the theorists of "natural capital" whose products, some economists argue, are the only genuine commodities - air, water, and calories we consume being mostly interchangeable when they are free of pollution or disease.
Exchange value - Wikipedia, the free encyclopedia (2863 words)
This first part says that the value of commodities as they are exchanged for each other –- or when stated in terms of money units, their prices –- are very different from their value in use to human beings, their use-value.
That is, all commodities are social products of labor, created and exchanged by a community, with each commodity producer contributing his or her time to the societal division of labor.
In fact, one of his major themes (the theory of “commodity fetishism”) is that the system of commodity exchange that dominates capitalism obscures the class nature of that institution.
  More results at FactBites »


 

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