The commodities market is a platform where raw materials and primary goods are traded. These commodities are typically categorized into two main types: hard commodities, which include natural resources like oil and gold, and soft commodities, which consist of agricultural products such as wheat and coffee. Traders buy and sell these goods to profit from price fluctuations, often using futures contracts to lock in prices for future delivery. This market plays a crucial role in the global economy, as it helps determine the prices of essential goods. It also provides a way for producers and consumers to hedge against price risks. Participants in the commodities market include farmers, miners, investors, and traders, all of whom contribute to the supply and demand dynamics that influence commodity prices.