Crude oil is the most commonly traded commodity in the world, followed by coffee. Other commonly traded commodities include agricultural products such corn, wheat and soybeans. Food products, such as cattle, hogs and even orange juice also are significant products on the commodities market.
More about commodities:
- Commodities are often exchanged on specific markets. For example, lean hogs and pork bellies are primarily traded at the Chicago Mercantile Exchange.
- Brent oil is another commonly traded commodity and is primarily used for energy in Europe. It is sourced from the North Sea.
- The US-based CME Group is the largest commodities market in the world, owning the Chicago Mercantile Exchange, the Chicago Board of Trade, the New York Mercantile Exchange and much of the Dow Jones Indexes.