WHAT IS COMMODITY?
Commodity markets, both in the past and modernized, have had a tremendous economic impact on millets and people. The market has existed for millennia on the Silk and Spice routes in these lands. Although the effect of commodity markets on history is not known yet, it was suggested that rice trade was carried out in China 6000 years ago. Commodities are concentrated as sources of raw materials used in production.
Commodity prices vary depending on the political, economic or periodic supply-demand balances. For this reason, the movements of commodity prices can appear as investment tools where you can make significant gains in a short time. At the same time, due to their high volatility, commodities are in the high risk-return investment products class.
The 4 Categories Traded in Commodities are;• Energy (crude oil, heating oil, natural gas and gasoline)
• Metals (gold, silver, platinum and copper)
• Livestock (Live cattle)
• Agriculture (corn, soybean, wheat, rice, cocoa, coffee, cotton, sugar)