commodity exchange
Goods futures market
A commodity exchange is a marketplace where raw materials and agricultural products are bought and sold—wheat, oil, gold, coffee, cattle.
Trading happens through standardized contracts specifying quantity, quality, and delivery terms.
The Chicago Board of Trade and New York Mercantile Exchange are prominent examples.
Futures prices on the commodity exchange suggested rising oil costs.
- clearinghouseCentral settlement agency
- tradingExchanging for value
- trading floorExchange transaction area
- wheatCereal crop for flour
- cornCereal grown on cobs
pit · oil · hedging · futures contract · standardization · gold · futures · derivatives · cash settlement · delivery date · margin call · markets · soybeans · pork bellies · barrels · speculation · trader · agriculture
commodity exchangestock exchange
Securities trading marketplace
stock market · securities exchange · equity market · bond market · currency exchange
commodity exchangebarter
Direct goods-for-goods exchange
direct trade · spot market · black market · private sale · bilateral trade
commodity exchangecentral planning
Government directs all production
subsistence farming · self-sufficiency · autarky · rationing · command economy
exchange, commerce, commercial, commodity, commodities, commoditize, commoditization