
A Brief History of the Commodity Market
Commodities are naturally occurring goods that are harvested or extracted from the ground, and have long been traded in the financial markets. These raw materials are staples for many of the world’s economies since they’re used to power our homes, create the foods that we eat, and are even manufactured to create the clothes we wear. Commodities are separated into two categories — hard and soft. Hard commodities are materials that are extracted or mined, such as oil and gold. Soft commodities on the other hand are agricultural materials or livestock, like wheat, coffee and chicken, to name a few. The most actively traded commodity is crude oil and this desirable liquid is refined to create fuels such as petroleum, diesel, and jet fuel. As a trader, you can take part in oil tradin...







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