Agricultural Commodities
Agricultural commodities are basic goods produced through farming and agriculture. These include items like wheat, corn, soybeans, and coffee, which are essential for food production and trade. Farmers grow these crops, and they are often sold in bulk to food manufacturers, grocery stores, and markets. The prices of these commodities can fluctuate based on factors like weather, supply, and demand.
These commodities play a crucial role in the global economy. They are traded on various exchanges, such as the Chicago Board of Trade, where investors buy and sell contracts based on future prices. Understanding agricultural commodities helps consumers and businesses make informed decisions about food and investment.