Series 3: 1.2. Commodities And The Commodities Market

Taken from our Series 3

1.2. Commodities and the Commodities Market

A commodity is a commercial product whose quality is basically the same wherever it is produced or sold. Natural gas is the same product whether it comes out of the ground in North Texas or West Siberia. Yellow corn of a certain grade may be grown in Iowa, Mexico, or Serbia, and its qu

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