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Commodity

Index Commodity

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. [1]

103 relations: Adam Smith, Agriculture, Archer Daniels Midland, Brand, Bunge Limited, Bursa Malaysia, Caffeine, Calcium, Capital, Volume I, Capitalism, Cargill, Cash crop, Certified wood, Chicago Board of Trade, Chicago Mercantile Exchange, Coal, Coffee bean, Commercial off-the-shelf, Commodification, Commoditization, Commodity (Marxism), Commodity currency, Commodity fetishism, Commodity market, Commodity money, Commodity price index, Convenience yield, Copper, Dalian Commodity Exchange, David Ricardo, Derivative (finance), Diversification (finance), Dynamic random-access memory, Economic efficiency, Economic equilibrium, Economic rent, Euronext, Forest Stewardship Council, Free-range eggs, Fungibility, Generic drug, Glencore, Gold, Gunvor (company), Helium, Inflation, Intellectual capital, Inventory, Iron ore, Johann Karl Rodbertus, ..., Kansas City Board of Trade, Karl Marx, Labor theory of value, Labour economics, Labour power, List of commodities exchanges, List of traded commodities, London International Financial Futures and Options Exchange, London Metal Exchange, Louis Dreyfus Company, Market (economics), Market segmentation, MATIF, Mercuria Energy Group, Mining, Multi Commodity Exchange, Multivitamin, Nanomaterials, National Commodity and Derivatives Exchange, New York Mercantile Exchange, Noble Group, Olam International, Organic food, Pakistan Mercantile Exchange, Pension fund, Petroleum, Price, Profit (economics), Profit margin, Quandl, Raw material, Reuters, Rice, Salam Investment, Serfdom in Russia, Soft commodity, Sovereign wealth fund, Spot market, Standardization, Stereophonic sound, Stockout, Sugar, Supply and demand, Tea, The New York Times, Trade, Trafigura, Use value, Vitol, Wheat, Wilmar International, Yerba mate, 2000s commodities boom. Expand index (53 more) »

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Agriculture

Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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Archer Daniels Midland

The Archer Daniels Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois.

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Brand

A brand is a name, term, design, symbol, or other feature that distinguishes an organization or product from its rivals in the eyes of the customer.

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Bunge Limited

Bunge Limited (formerly Bunge International, and prior to that Bunge y Born) is an American agribusiness and food company, incorporated in Bermuda, and headquartered in White Plains, New York, United States.

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Bursa Malaysia

Bursa Malaysia Berhad is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007.

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Caffeine

Caffeine is a central nervous system (CNS) stimulant of the methylxanthine class.

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Calcium

Calcium is a chemical element with symbol Ca and atomic number 20.

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Capital, Volume I

Capital.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Cargill

Cargill, Incorporated is an American privately held global corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware.

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Cash crop

A cash crop or profit crop is an agricultural crop which is grown for sale to return a profit.

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Certified wood

Certified wood and paper products come from responsibly managed forests – as defined by a particular standard.

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Chicago Board of Trade

The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges.

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Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is an American financial and commodity derivative exchange based in Chicago and located at 20 S. Wacker Drive.

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Coal

Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams.

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Coffee bean

A coffee bean is a seed of the coffee plant and the source for coffee.

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Commercial off-the-shelf

Commercial off-the-shelf or commercially available off-the-shelf (COTS) satisfy the needs of the purchasing organization, without the need to commission custom-made, or bespoke, solutions.

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Commodification

Commodification is the transformation of goods, services, ideas and people into commodities, or objects of trade.

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Commoditization

In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.

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Commodity (Marxism)

In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities") produced by human labour and offered as a product for general sale on the market.

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Commodity currency

A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries' heavy dependency on the export of certain raw materials for income.

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Commodity fetishism

In Karl Marx's critique of political economy, commodity fetishism is the perception of the social relationships involved in production, not as relationships among people, but as economic relationships among the money and commodities exchanged in market trade.

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Commodity market

A commodity market is a market that trades in primary economic sector rather than manufactured products.

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Commodity money

Commodity money is money whose value comes from a commodity of which it is made.

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Commodity price index

A commodity price index is a fixed-weight index or (weighted) average of selected commodity prices, which may be based on spot or futures prices.

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Convenience yield

A convenience yield is an implied return on holding inventories.

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Copper

Copper is a chemical element with symbol Cu (from cuprum) and atomic number 29.

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Dalian Commodity Exchange

The Dalian Commodity Exchange (DCE) is a Chinese futures exchange based in Dalian, Liaoning province, China.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Derivative (finance)

In finance, a derivative is a contract that derives its value from the performance of an underlying entity.

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Diversification (finance)

In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk.

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Dynamic random-access memory

Dynamic random-access memory (DRAM) is a type of random access semiconductor memory that stores each bit of data in a separate tiny capacitor within an integrated circuit.

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Economic efficiency

Economic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt.

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Economic equilibrium

In economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

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Economic rent

In economics, economic rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production.

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Euronext

Euronext NV is a European stock exchange seated in Amsterdam, Brussels, London, Lisbon, Dublin and Paris.

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Forest Stewardship Council

The Forest Stewardship Council (FSC) is an international non-profit, multi-stakeholder organization established in 1993 to promote responsible management of the world’s forests.

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Free-range eggs

Free-range eggs are eggs produced from birds that may be permitted outdoors.

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Fungibility

In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable.

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Generic drug

A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, route of administration, quality, performance, and intended use, but does not carry the brand name.

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Glencore

Glencore plc (an acronym for Global Energy Commodity Resources) is an Anglo–Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, and a registered office in Saint Helier, Jersey.

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Gold

Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

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Gunvor (company)

Gunvor Group Ltd is a global commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland.

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Helium

Helium (from lit) is a chemical element with symbol He and atomic number 2.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Intellectual capital

Intellectual capital is the intangible value of a business, covering its people (human capital), the value inherent in its relationships (Relational capital), and everything that is left when the employees go home (Structural capital), of which Intellectual property (IP) is but one component.

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Inventory

Inventory (American English) or stock (British English) is the goods and materials that a business holds for the ultimate goal of resale (or repair).

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Iron ore

Iron ores are rocks and minerals from which metallic iron can be economically extracted.

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Johann Karl Rodbertus

Johann Karl Rodbertus (August 12, 1805, Greifswald, Swedish Pomerania – December 6, 1875, Jagetzow), also known as Karl Rodbertus-Jagetzow, was a German economist and socialist of the scientific or conservative school from Greifswald.

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Kansas City Board of Trade

The Kansas City Board of Trade (KCBT), was an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Labor theory of value

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it, rather than by the use or pleasure its owner gets from it (demand) and its scarcity value (supply).

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Labour power

Labour power (in German: Arbeitskraft; in French: force de travail) is a key concept used by Karl Marx in his critique of capitalist political economy.

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List of commodities exchanges

A commodities exchange is an exchange where various commodities and derivatives products are traded.

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List of traded commodities

The following is a list of traded commodities.

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London International Financial Futures and Options Exchange

The London International Financial Futures and Options Exchange (LIFFE, pronounced 'life') is a futures exchange based in London.

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London Metal Exchange

The London Metal Exchange (LME) is the futures exchange with the world's largest market in options and futures contracts on base and other metals.

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Louis Dreyfus Company

Louis Dreyfus Company B.V. (LDC) is a global merchant firm that is involved in agriculture, food processing, international shipping, and finance.

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Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

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Market segmentation

Market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers (known as segments) based on some type of shared characteristics.

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MATIF

MATIF SA (Marché à Terme International de France) is a private corporation which is both a futures exchange and a clearing house in France.

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Mercuria Energy Group

Mercuria Energy Group Ltd is a privately held Swiss international commodity trading company active ina wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, carbon emissions, base metals and agricultural products.

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Mining

Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an orebody, lode, vein, seam, reef or placer deposit.

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Multi Commodity Exchange

Multi Commodity Exchange of India Ltd (MCX) is an independent commodity exchange based in India.

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Multivitamin

A multivitamin is a preparation intended to serve as a dietary supplement - with vitamins, dietary minerals, and other nutritional elements.

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Nanomaterials

Nanomaterials describe, in principle, materials of which a single unit is sized (in at least one dimension) between 1 to 1000 nanometres (10−9 meter) but usually is 1 to 100 nm (the usual definition of nanoscale).

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National Commodity and Derivatives Exchange

National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India.

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New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago.

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Noble Group

Noble Group Limited is a commodities trader across a range of industrial and energy products.

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Olam International

Olam International is a leading and the third largest agri-business in the world, operating from seed to shelf in 70 countries, supplying food and industrial raw materials to over 23,000 customers worldwide.

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Organic food

Organic food is food produced by methods that comply with the standards of organic farming.

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Pakistan Mercantile Exchange

Pakistan Mercantile Exchange Limited (formerly National Commodity Exchange Limited - NCEL) is Pakistan's first futures commodity market having its registered Head office in Karachi, Sindh.

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Pension fund

A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Price

In ordinary usage, a price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.

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Profit (economics)

In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.

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Profit margin

Profit margin, net margin, net profit margin or net profit ratio is a measure of profitability.

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Quandl

Quandl is a platform for financial, economic, and alternative data that serves investment professionals.

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Raw material

A raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products.

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Reuters

Reuters is an international news agency headquartered in London, United Kingdom.

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Rice

Rice is the seed of the grass species Oryza sativa (Asian rice) or Oryza glaberrima (African rice).

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Salam Investment

Salam Investment Ltd. (Arabic:السلام للاستثمار), claims to be a brokerage and commodity trading company.

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Serfdom in Russia

The term serf, in the sense of an unfree peasant of the Russian Empire, is the usual translation of krepostnoi krestyanin (крепостной крестьянин).

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Soft commodity

Soft commodities, or softs, are commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit and livestock.

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Sovereign wealth fund

A sovereign wealth fund (SWF) or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.

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Spot market

The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery.

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Standardization

Standardization or standardisation is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments Standardization can help to maximize compatibility, interoperability, safety, repeatability, or quality.

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Stereophonic sound

Stereophonic sound or, more commonly, stereo, is a method of sound reproduction that creates an illusion of multi-directional audible perspective.

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Stockout

A stockout, or out-of-stock (OOS) event is an event that causes inventory to be exhausted.

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Sugar

Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food.

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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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Tea

Tea is an aromatic beverage commonly prepared by pouring hot or boiling water over cured leaves of the Camellia sinensis, an evergreen shrub (bush) native to Asia.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Trade

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money.

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Trafigura

Trafigura Pte Ltd is a Singaporean multinational commodity trading company founded in 1993 that trades in base metals and energy, including oil.

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Use value

Use value (German: Gebrauchswert) or value in use is the utility of consuming a good—the want-satisfying power of a good or service in classical political economy.

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Vitol

The Vitol Group is a global energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger.

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Wheat

Wheat is a grass widely cultivated for its seed, a cereal grain which is a worldwide staple food.

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Wilmar International

Wilmar International Limited founded in 1991, is Asia’s leading agribusiness group.

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Yerba mate

Yerba mate (from Spanish; erva-mate or; ka'a) is a species of the holly genus (Ilex), with the botanical name Ilex paraguariensis A. St.-Hil., named by the French botanist Auguste François César Prouvençal de Saint-Hilaire.

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2000s commodities boom

The 2000s commodities boom or the commodities super cycle was the rise, and fall, of many physical commodity prices (such as those of food, oil, metals, chemicals, fuels and the like) during the early 21st century (2000–2014), following the Great Commodities Depression of the 1980s and 1990s.

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References

[1] https://en.wikipedia.org/wiki/Commodity

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