1. A physical substance, such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors buy or sell, usually through futures contracts. The price of the commodity is subject to supply and demand. Risk is actually the reason exchange trading of the basic agricultural products began. For example, a farmer risks the cost of producing a product ready for market at sometime in the future because he doesn't know what the selling price will be.
2. More generally, a product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes.
Related information about commodity:
- Commodity - Wikipedia, the free encyclopedia
In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.
- Commodity - Merriam-Webster Online
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- Commodity Definition | Investopedia
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- Commodity | Define Commodity at Dictionary.com
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- Commodities News, Commodity Trading Prices & Data | Reuters.com
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