What are commodities…
Commodities, is a thing of value that is equal in quality regardless who manufactures it; such as light crude, corn and gold. The price of a commodity is global, is bought/sold via exchanges and fluctuates with supply and demand.
List of commodities
Precious metals |
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Commodity |
Unit |
Currency |
Bourse |
Gold |
troy ounce |
USD ($) |
CBOT |
Platinum |
troy ounce |
USD ($) |
NYMEX |
Palladium |
troy ounce |
USD ($) |
NYMEX |
Silver |
troy ounce |
USD ($) |
CBOT |
Industrial metals |
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Commodity |
Unit |
Currency |
Bourse |
Copper |
Metric Ton |
USD ($) |
London Metal Exchange, New York |
Lead |
Metric Ton |
USD ($) |
London Metal Exchange |
Zinc |
Metric Ton |
USD ($) |
London Metal Exchange |
Tin |
Metric Ton |
USD ($) |
London Metal Exchange |
Aluminum |
Metric Ton |
USD ($) |
London Metal Exchange, New York |
Aluminum alloy |
Metric Ton |
USD ($) |
London Metal Exchange |
Nickel |
Metric Ton |
USD ($) |
London Metal Exchange |
Aluminum alloy |
Metric Ton |
USD ($) |
London Metal Exchange |
Recycled steel |
Metric Ton |
USD ($) |
Rotterdam |
Energy |
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Commodity |
Contract Size |
Currency |
Main Exchanges |
WTI Crude Oil |
42,000 U.S. gal |
USD ($) |
NYMEX, ICE |
Brent Crude |
42,000 U.S. gal |
USD ($) |
ICE |
Ethanol |
29,000 U.S. gal |
USD ($) |
CBOT |
Natural Gas |
10,000 mmBTU |
USD ($) |
NYMEX |
Heating Oil |
(42,000 U.S. gal) |
USD ($) |
NYMEX |
Gulf Coast Gasoline |
(42,000 U.S. gal) |
USD ($) |
NYMEX |
RBOB Gasoline |
(42,000 U.S. gal) |
USD ($) |
NYMEX |
Propane |
(42,000 U.S. gal) |
USD ($) |
NYMEX |
Uranium |
250 lbs |
USD ($) |
NYMEX |
Livestock & Meat | |||
Commodity |
Contract Size |
Currency |
Bourse |
Lean Hogs |
40,000 lb |
USD ($) |
Chicago Mercantile Exchange |
Frozen Pork Bellies |
40,000 lb |
USD ($) |
Chicago Mercantile Exchange |
Live Cattle |
40,000 lb |
USD ($) |
Chicago Mercantile Exchange |
Feeder Cattle |
50,000 lb |
USD ($) |
Chicago Mercantile Exchange |
Agricultural (Grains, and Food and Fiber) | |||
Commodity |
Contract Size |
Currency |
Bourse |
Corn |
5000 bu |
USD ($) |
CBOT |
Corn |
50 tons |
USD ($) |
EURONEXT |
Oats |
5000 bu |
USD ($) |
CBOT |
Rough Rice |
2000 cwt |
USD ($) |
CBOT |
Soybeans |
5000 bu |
USD ($) |
CBOT |
Rapeseed |
50 tons |
USD ($) |
EURONEXT |
Soybean Meal |
100 short tons |
USD ($) |
CBOT |
Soybean Oil |
60,000 lb |
USD ($) |
CBOT |
Wheat |
5000 bu |
USD ($) |
CBOT |
Cocoa |
10 tons |
USD ($) |
NYBOT |
Coffee |
37,500 lb |
USD ($) |
NYBOT |
Cotton |
2 50,000 lb |
USD ($) |
NYBOT |
Sugar |
112,000 lb |
USD ($) |
NYBOT |
Examples of commodity order
Strategies for Trading Commodities