Commodities and Commodity Markets Market to Market Classroom

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=gC2QYZV2tHg

A commodity is a raw product. Examples of commodities include grains, like corn, wheat and soybeans; livestock like cattle and hogs; metals like gold and silver, and energy sources like crude oil and natural gas. This raw product is typically sold, and then processed and/or packaged in some way to ultimately be sold by a retailer to a consumer. To make it easier to buy and sell these raw goods, the quality of the commodity must be uniform from all producers. So all the bushels of corn, all the bales of cotton, and all the barrels of crude oil are essentially the same, regardless of who produced them. A commodity market is a place where you can buy, sell, or trade these raw products. • Market to Market Classroom connects you with stories about the science, technology, culture, and business of agriculture from the nation's longest-running agribusiness television program. Explore the stories and gain a deeper understanding of the people, issues, and events that shape agriculture today. http://www.iptv.org/mtom/classroom/de...

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