Commodity trading is the exchange of different commodities such as oil, precious metals, and agricultural goods, typically through futures contracts, that is based on the changing price of an underlying physical commodity. Commodity trading is all about the buying or selling of these futures contracts, making bets on the expected future price of any specific commodity. It is all about whether an investor thinks the price of a commodity will go up or down, they buy certain futures—or go long—and if the price of the commodity will fall and they sell off other futures—or go short.
Today, the commodities market is much more complex and sophisticated. There is an incredibly long list of commodities being traded on a daily basis and making profits, but it’s also an international market with exchanges around the world. A commodity market trades in raw or primary products rather than manufactured products. Soft commodities are agricultural products such as wheat, livestock, coffee, cocoa, and sugar. Hard commodities include valuable metals and commodities such as rubber, natural gas, and oil.
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