Explore the dynamic world of the commodity market, where essential raw materials and primary products are bought and sold globally. From energy resources like...
The commodity market is a marketplace for buying, selling, and trading raw materials or primary agricultural products, rather than manufactured goods. It facilitates price discovery and risk management for producers and consumers.
Commodities are generally categorized into energy (e.g., oil, natural gas), metals (e.g., gold, silver, copper), agricultural products (e.g., wheat, corn, coffee), and livestock (e.g., live cattle, lean hogs).
Commodity prices directly impact the cost of goods and services, as raw materials are inputs for most products. Fluctuations can lead to higher or lower prices for gasoline, food, and various manufactured items.
Prices are influenced by supply and demand dynamics, geopolitical events, weather patterns, technological advancements, currency fluctuations, and global economic growth forecasts.