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Definition: Commodity Trading is the activity of buying and selling raw or primary products, typically at regulated commodities exchanges.
A commodity has full or partial fungibility; that is, the market treats its instances as equivalent or nearly so with no regard to who produced them.
The most important types of commodities are: agricultural products (corn, rice, sugar, coffee, rubber, wool, etc), livestock and meat, energy (oil, gas, etc), precious metals (gold, platimum, palladium, silver), industrial metals,