Getting Started in Commodities
Chapter One
What Is a Commodity?
While this book covers a multitude of issues, it is designed to answer
one central question: What is a commodity? This may
seem like a difficult question to some people, but it's really
quite simple. If you can touch it, see it, feel it, or eat it, it's a commodity.
If you are driving through Texas and you see an oil field, there's a commodity
being pumped out: oil. If you are cruising through miles of
wheat fields in Kansas, then you are passing an agricultural commodity:
wheat. If you are vacationing in Florida, you're sure to see fields filled
with orange groves; once again, you are looking at a commodity: orange
juice. Even when you find yourself in a jewelry store eyeing a beautiful
gold chain, you are checking out a traded commodity: gold. Commodities
are all around you, but not all commodities are traded.
Lumber, wheat, crude oil, heating oil, natural gas, corn, copper,
gold, sugar, and coffee are just a few of the commodities you may come
across every day of your life. You probably just never looked a ... read full excerpt from Getting Started in Commodities ebook
