Commodities

Commodities are basic goods and raw materials that are traded on markets and used in the production of other goods and services. These include natural resources like oil, gold, and agricultural products such as wheat and coffee. Commodities are typically categorized into two types: hard commodities, which are mined or extracted, and soft commodities, which are grown or farmed. They are essential to global trade and are often bought and sold through futures contracts, providing opportunities for investment, hedging, and speculation based on price fluctuations in the market.