caffeinated infusions, are commodity cash crop s. image1 Mate mit Stengeln.jpg width1 150 alt1 ... darjeeling tea twinings.jpg width3 100 alt3 caption3 A commodity is a good economics good for which ... ref A commodity has full or partial fungibility that is, the market treats it as equivalent .... In contrast, one of the characteristics of a commodity good is that its price is determined as a function ... of commodification, rather than a binary distinction of commodity versus differentiable ... The word commodity came into use in English in the 15th century, from the French fr commodit ... have begun to identify workers compensation insurance as a commodity. Commodity trade Main ... producer were considered equivalent. On a commodity exchange, it is the underlying standard stated in the contract that defines the commodity, not any quality inherent in a specific producer s product ... Commodity Exchange DCE Euronext.liffe LIFFE Kansas City Board of Trade KCBT Bursa Malaysia Kuala ... Commodity Exchange Limited NCEL Multi Commodity Exchange MCX International Indonesian Forex Change Market IIFCM Commodity markets Markets for trading commodities can be very economic efficiency efficient ... price and quantity. In addition, investors can gain passive exposure to the commodity markets through a commodity price index . Inventory data The inventory of commodities plays a role in the pricing ... commodities was used in a 2006 study on the relationship between inventories and commodity futures risk premiums. ref Gorton GB et al. 2008 . http ssrn.com abstract 996930 The Fundamentals of Commodity ... definition of a commodityCommodity Marxism In classical political economy and especially Karl Marx s critique of political economy, a commodity is any good or service produced by human labour and offered ... specifically for the market, or be non reproducible goods. Marx s analysis of the commodity is intended .... See also Wiktionary 2000s commodities boom List of traded commodities Commodity fetishism ... more details
Commodity exchange may refer to Commodities exchange , any exchange where various commodities and derivatives products are traded. Commodity markets , for the markets trading on commodities in general. See also Commodity Exchange disambig ... more details
A commodity chain is a sequential process used by business entity firm s to gather resource s, transform them into goods or commodity commodities and, finally, distribute them to consumers. In short, it is the connected path from which a good travels from producers to consumers. Commodity chains can be unique depending on the product types or the types of markets. Different stages of a commodity chain can also involve different economic sectors or be handled by the same business. http people.hofstra.edu geotrans eng ch5en conc5en ch5c3en.html A number of commentators have remarked that in the Internet age commodity chains are becoming increasingly more transparent. The Wikichains.com project has adopted the same wiki technology used by Wikipedia in order to help make commodity chains more transparent. They are a network of labour and production processes whose end result is a finished commodity . William Jones Esq. econ stub Category Marketing small de Produktionskette es Cadena productiva eu Ekoizpen prozesu pt Cadeia produtiva ... more details
Citations missing date February 2008 Context date February 2008 A commodity swap is an agreement where by a floating or market or spot price based on an underlying commodity is exchanged for a fixed price over a specified period. A Commodity swap is similar to an Fixed Floating Interest rate swap. The difference is that in an Interest rate swap the floating leg is based on standard Interest rates like LIBOR, EURIBOR etc but in a commodity swap the floating leg is based on the price of underlying commodity like Oil, Sugar etc. No Commodities are exchanged during the trade. In this swap, the user of a commodity would secure a maximum price and agree to pay a financial institution this fixed price. Then in return, the user would get payments based on the market price for the commodity involved. On the other side, a producer wishes to fix his income and would agree to pay the market price to a financial institution, in return for receiving fixed payments for the commodity. The vast majority of commodity swaps involve oil . Category Commodities market econ term stub lt aliav apsikeitimo sandoris ... more details
A commodity pool is an investment scheme where many individual investors combine their moneys and trade in futures contract s as a single entity in order to gain leverage. They are analogous to mutual fund s wherein a fund is similarly set up expressly for trading in Stock equity , except that mutual funds are open to public subscription whereas commodity pools and hedge fund s are private. Commodity pools are also called managed futures funds . The name commodity pool is a National Futures Association NFA legal term. In the United States , the Commodity Futures Trading Commission CFTC and the NFA, as opposed to the Securities and Exchange Commission , regulate commodity pools. Many hedge funds are commodity pools. Funds that trade in commodities, which include many of the largest funds engaged in macro strategies, are registered with the Commodity Futures Trading Commission as commodity pools and as commodity trading advisor s CTAs . In an address to the Securities Industry Association in 2004, Sharon Brown Hruska, acting director of the CFTC, said that 65 of the top 100 funds in 2003 were commodity pools, and 50 out of the 100 largest hedge funds were CTAs in addition to being commodity pools. ref http www.cftc.gov opa speeches04 opabrown hruska 22.htm Sharon Brown Hruska s 2003 speech to the Commodity Futures Trading Commission ref See also List of traded commodities Managed futures account References references hedge funds DEFAULTSORT Commodity Pool Category Commodities market ... more details
unsourced date November 2007 In the field of economics , the commodity value of a economic good good is its free market intrinsic value under optimal use conditions. In a free market, the commodity value of a good will be reflected by its price. For example, if an acre of land can yield a net of 100 dollars loss by laying fallow , 50 dollars gain by being planted with corn, and 100 dollars gain by being planted with wheat, then that acre s commodity value is 100 dollars the farmer is assumed to put his land to best use. Currency Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat money fiat coins such as modern day Quarter United States coin quarters have a low commodity value. This is of particular historical relevance when analyzed in light of Gresham s Law . Debt Asset backed debt has a commodity value equal to the price of the Collateral finance collateral a loan backed by a house has a commodity value equal to the free market price of the house. Non collateralized debt, on the other hand, does not have a commodity value it is valuable only insofar as it is repaid. Investment Commodity value is an important consideration in hedging against inflation . Whereas fiat currencies can devalue, often hyperinflation catastrophically , currencies with considerable commodity value are known to better maintain their value a government can print as many fiat bills as it wants with relative ease, the same is not true of mining precious metals . This leads some investors to purchase goods and debts with high commodity value, which are inherently safer than those with low, or no commodity value, minimizing risk by sacrificing potential return. See also Gold as an investment Category Commodities used as an investment Category Business terms economic term stub ... more details
A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf ... for his own account is called a Trader finance trader . Commodity contracts include Futures contract futures , option finance options , and similar financial derivatives . Clients who trade commodity ... commodity brokers traded grain and livestock futures contracts, today commodity brokers trade a wide ... growing list of other underlying assets. Ever since the 1980s, the majority of commodity contracts .... Firms and individuals who are often collectively called commodity brokers include Floor Broker Trader an individual who trades commodity contracts on the floor of a commodity exchange . When ... of a trader. Floor trading is conducted in the pits of a commodity exchange via open outcry ... orders for commodity contracts traded on an exchange and holds client funds to Margin finance ... or accepts orders for commodity contracts traded on an exchange. IBs do not actually hold customer funds to margin. Client funds to margin are held by a FCM associated with the IB. Commodity ... NFA commodity trading advisors index.HTML ref a firm or individual that, for compensation or profit, advises others, on the trading of commodity contracts. They advise commodity pools and offer hedge ... is generally the commodity equivalent to a financial advisor or mutual fund manager. Commodity Pool Operator CPO ref National Futures Association CPO http www.nfa.futures.org NFA compliance NFA commodity pool operators index.HTML ref a firm or individual that operates commodity pools advised by a CTA. A commodity pool is essentially the commodity equivalent to a mutual fund. Registered Commodity ..., duly registered and licensed to conduct the activities of a FCM, IB, CTA, or CPO. This is the commodity ... must pass the Series 3 National Commodity Futures Examination administered by the Financial Industry ..., as well as their RCR APs, are required to register with the Commodity Futures Trading Commission ... more details
Unreferenced date February 2008 A soft commodity is a commodity such as coffee , Cocoa bean cocoa , sugar , Maize corn , wheat , soybean and fruit . This term generally refers to commodities that are grown, rather than mined. Soft commodities play a major part in the futures market . They are used both by farmers wishing to lock in the future prices of their Crop agriculture crops , and by speculative investors seeking a profit. See also Hard commodity Category Commodities used as an investment Category Financial terminology finance stub ... more details
In United States federal agricultural policy, the term commodity programs is usually meant to include the commodity price and income support programs administered by the Farm Service Agency and financed by the Commodity Credit Corporation CCC . The commodities now receiving support are those receiving Direct and Counter cyclical Program DCP payments, specifically wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans and other oilseeds, and peanuts those eligible for nonrecourse marketing assistance loans , which includes the previous mentioned commodities plus wool, mohair, honey, dry peas, lentils, and small chickpeas and those having other unique support, including sugar, and milk. A broader phrase that includes these commodity programs and other assistance is farm program s. See also Target price Loan commodity References CRS article Report for Congress Agriculture A Glossary of Terms, Programs, and Laws, 2005 Edition url http ncseonline.org nle crsreports 05jun 97 905.pdf author Jasper Womach DEFAULTSORT Commodity Programs Category Agricultural subsidies ms Program komoditi ... more details
Foreign Exchange A commodity currency is a name given to Currency currencies of countries which depend heavily on the export of certain raw materials for income. These countries are typically Developing country developing countries , eg. countries like Burundi , Tanzania , Papua New Guinea but also include Developed country developed countries like Australia and Iceland . In the foreign exchange market , commodity currencies generally refer to the Australian Dollar , Canadian Dollar , New Zealand Dollar , and the South African Rand . External links http www.imf.org external pubs ft fandd 2003 03 cash.htm IMF s study on commodity currencies econ stub ... more details
Unreferenced date November 2008 Commodity plastics are plastics that are used in high volume and wide range of applications, such as film for packaging, photographic and magnetic tape, beverage and trash containers and a variety of household products where mechanical properties and service environments are not critical. Such plastics exhibit relatively low mechanical properties and are of low cost. Examples of commodity plastics are polyethylene , polypropylene , polystyrene , polyvinyl chloride , polymethyl methacrylate , polyethylene terephthalate and more. Additional reading Engineering plastic s Haugan, Harold W. Fantastic Plastics Welcome Aboard Exposition Press Books, 1974 DEFAULTSORT Commodity Plastics Category Plastics polymer stub ... more details
s critique of political economy , a commodity is any good or service produced by human labour and offered ... specifically for the market, or be non reproducible goods. Marx s analysis of the commodity ... price has been a challenge for both liberal and Marxist economists. Characteristics of commodity quote ... need to sell himself as a commodity. Che Guevara ref A letter from Che Guevara to Carlos Quijano ... archive guevara 1965 03 man socialism.htm Socialism and Man in Cuba ref In Marx s theory, a commodity ... of human labor. Because it has value, implies that people try to economise its use. A commodity .... It has an exchange value , meaning that a commodity can be traded for other commodities, and thus give its owner the benefit of others labor the labor done to produce the purchased commodity . Price ... the concept of a commodity, consider a chair. It is a commodity if the chair is a tradable product ... is not a commodity, as it was not produced by human work for the purpose of trade. A chair created by a hobbyist as a gift to someone is not a commodity. Nor is a chair a commodity as a chair ... . A chair that nothing could sit on, has no use value, and cannot be a commodity. An ornamental chair might yet however, have value. Historical origins of commodity trade quote How can it be mutually ... Asian Solidarity in Algiers, Algeria on February 24, 1965 ref Commodity trade, Marx argues, historically ... Engels calls simple commodity production . At first, goods may not even be intentionally produced ... in commodity trade. Even so, in simple commodity production, not all inputs and outputs of the production ... into a commodity its marketing is in reality not a simple process, but has many technical and social ... ownership rights to the commodity. the enforcement of these rights, so that ownership is secure. the transferability of these private rights from one owner to another. the right to buy and sell the commodity, and or obtain privately and keep income from such trade the physical transferability of the commodity ... more details
Multiple issues expert September 2010 refimprove September 2010 orphan December 2010 mergeto List of traded commodities date September 2010 Commodity chemicals is a group of chemicals including Alcohol , Amines , Betaines , Fatty alcohols , Acids , Wax , Oils and Petrolatum , Quats , Solvents , Surfactants . This subsector is differentiated from the rest of the chemical sector primarily by bulk. The object is to carry out chemical transformations on a massive scale, producing relatively simple molecules at the lowest possible cost. Lowering environmental impacts in commodity chemical production involves large capital expenditures and long time horizons. ref http ecm.ncms.org ERI new IRRcommchem.htm ref references DEFAULTSORT Commodity Chemicals Category Chemical substances Category Commodities market chem stub ... more details
Commodity computing or Commodity cluster computing is to use large numbers of already available computing ... Ranawake publisher Goddard Space Flight Center location http spacejournal.ohio.edu title Commodity ... quote The purpose of commodity cluster computing is to utilize large numbers of readily available computing ... far exceeds any expectation of meeting that need. ref It is computing done in commodity computers as opposed to high cost supermicrocomputers or boutique computers. Commodity computers are computer ... are said to be based on commodity components since the standardization process promotes lower costs and less differentiation among vendor s products. A governing principle of commodity computing ... towards commodity computing began when Digital Equipment Corporation DEC introduced the PDP ... with the introduction of the first commodity like microcomputer, the Apple II . With the development ... in 1981 and immediately began displacing Apple II s in the corporate world, but commodity ... and commodity computing was well established. During the 1980s microcomputers began displacing larger ... manufacturers of non commodity computer systems today. Commodity computing in the present day Today ... the shelf commodity computers. It is likely that the low end of the supermicrocomputer genre will continue to be pushed upward by increasingly powerful commodity microcomputers. When 10 Gigabit Ethernet becomes standard equipment in commodity microcomputer servers, multi processor Computer cluster cluster or Grid computing grid systems based on commercial off the shelf commodity microcomputers and Ethernet ... the viability of the supermicrocomputer industry. Characteristics of commodity computers A large part of the current commodity computing marketplace is based on IBM PC compatible s. This typically means ... special drivers. Some of the general characteristics of a commodity computer are Shares a base instruction ... s commodity computers include ATX motherboard form factor. Built in interfaces for floppy drive ... more details
of Trade Futures market Commodity markets are markets where raw or primary products are exchanged. These raw ... commodity markets. It covers physical product food, metals, electricity markets but not the ways that services, including those of governments, nor investment, nor debt, can be seen as a commodity ... commodity money and the more complex instruments offered in the commodity markets. See List of traded ... The modern commodity markets have their roots in the trading of agricultural products. While ... markets. Citation needed date November 2008 For a commodity market to be established, there must be very .... The economic impact of the development of commodity markets is hard to overestimate. Through the 19th ... trade. Citation needed date November 2008 Early history of commodity markets Historically, dating ... as commodity money , people have sought ways to standardize and trade contracts in the delivery of such items ... Commodity money and commodity markets in a crude early form are believed to have originated in Sumer ... a promise to deliver that number. This made them a form of commodity money more than an IOU debt I.O.U. ... system of commodity accounting . citation needed date January 2011 Classical civilizations built complex .... Commodity assets under management more than doubled between 2008 and 2010 to nearly 380bn. Inflows ... of the commodity or a sample of the commodity, and is carried out in markets such as wholesale marketing wholesale markets . Commodity markets, on the other hand, require the existence of agreed standards ... between two parties to exchange at some fixed future date a given quantity of a commodity ... a futures exchange. Commodity and futures contracts are based on what s termed forward contracts. Early ... cooperatives, insures against a poor harvest by purchasing futures contract s in the same commodity ..., and even their currency tends to be tied to the price of those particular commodity items until it manages ..., meats, poultry, eggs, or any other commodity which is so traded. Regulation of commodity markets Cotton ... more details
Commodity certificates are payments issued by the Commodity Credit Corporation CCC in lieu of cash payments to participants in farm subsidy or agricultural export programs. Holders of certificates are permitted to exchange them for commodities owned by the CCC. Alternatively, farmers may buy certificates and use them to settle marketing assistance loan s as a way of avoiding per person payment limits on marketing loan gains and loan deficiency payments LDPs . References CRS article Report for Congress Agriculture A Glossary of Terms, Programs, and Laws, 2005 Edition url http ncseonline.org nle crsreports 05jun 97 905.pdf author Jasper Womach Category United States Department of Agriculture ... more details
Unreferenced date May 2010 Commodity production is the production of wares for sale. It is a type of production ... or services sold as products , but often the use of the term commodity production is restricted to the production of goods. The word commodity came into use in English in the 15th century, from the French ... variously appropriateness , proper measure, time or condition and advantage, benefit . Normally commodity ... and their value is expressed in money prices. Because commodity production is aimed at trading the products ..., and that products for which there is no market are unlikely to be produced. Commodity producers ..., forestry products, fishing products and mineral products metals, oil, gas, ores . The commodity ... and exclusively to the production of primary products , and not just to any vendible commodity. Statistical usage In statistical reports, the broad definition of commodity production is the mass ... unstats.un.org unsd industry ics intro.asp from which a list of types of commodity production can be obtained in this sense. Marxian usage The use of the term commodity in the sense of ware for sale or merchandise was made famous especially by Karl Marx s analysis of the commodity form in the opening ... value in exchange exchange value and value in use or utility use value , arguing that in commodity production ... considered capitalist production as generalized commodity production in which most production is organized ... commodity production continues to be widely used, and has a specific scientific meaning see commodity Marxism , commodification , commodity fetishism , and simple commodity production . The production ... value of their products. A distinction is drawn by Marxists between commodity production in general , and specifically capitalist commodity production. Production for market sale could occur in all sorts of ways, in all kinds of societies for all sorts of reasons, but capitalist commodity ... is reshaped according to commercial principles. Thus, capitalist commodity production aims to utilize ... more details
Commodity money is money whose Value economics value comes from a commodity out of which it is made ... of perceived value economics value in conjunction to one another, in various commodity valuation or price system economies. Aspects Commodity money is to be distinguished from representative money which is a certificate or token which can be exchanged for the underlying commodity, but only as the trade is good for that source and the product. A key feature of commodity money is that the value ... the modern commodity market s, although they use a sophisticated range of financial instrument s that are more than one to one representations of units of a given type of commodity. Since payment by commodity generally provides a useful good, commodity money is similar to barter , but is distinguishable ... of commodity money in Prisoner of war camp World War II P.O.W camp s quote People left their surplus ... was banned in about 2003, commodity money has switched in many places to cans or foil pouches ... Officials Carp ref Metals In situations where the commodity is metal, typically gold or silver , a government ... is known as seigniorage . The role of a mint and of coin differs between commodity money and fiat money . In situations where there is a commodity money, the coin retains its value if it is melted ..., money, as it always does, arose in the market as a useful and scarce commodity and began to serve ..., and the most widespread use of commodity money was tobacco, which served as money in Virginia ... , http www.lewrockwell.com rothbard rothbard260.html Commodity Money in Colonial America , LewRockwell.com ... transition from commodity to representative to fiat money, with people trading in other goods being ... war Germany, cigarettes became used as a form of commodity money in some areas. Cigarettes are still used as a form of commodity money in U.S. prisons Harvnb Lankenau 2001 p 142 concludes that where ... . Functions of commodity money File Japan commodity money before the 8th century.jpg thumb 300px ... more details
one source date May 2010 Financial risk types Commodity risk refers to the uncertainties of future market value s and of the size of the future income , caused by the fluctuation in the prices of commodity commodities . ref citebook title Financial Sector Assessment author International Monetary Fund year 2005 publisher ISBN 0821364324 ref These commodities may be grain s, metal s, gas , electricity etc. A commodity enterprise needs to deal with the following kinds of risks Price risk Risk arising out of adverse movements in the world prices, exchange rates, basis between local and world prices Quantity risk Cost risk Input price risk Political risk Groups at Risk There are broadly four categories of agents who face the commodities risk Production, costs, and pricing Producers farmers, plantation companies, and mining companies face price risk, cost risk on the prices of their inputs and quantity risk Buyer s cooperatives, commercial traders and trait ants face price risk between the time of up country purchase buying and sale, typically at the port, to an exporter. Exporter s face the same risk between purchase at the port and sale in the destination market and may also face political risks with regard to export licenses or foreign exchange conversion. Governments face price and quantity risk with regard to tax revenues, particularly where tax rates rise as commodity prices rise generally the case with metals and energy exports or if support or other payments depend on the level of commodity prices. See also Fuel price risk management Sprott Molybdenum Participation Corporation Uranium Participation Corporation References refs Financial risk Category Financial risk Category Commodities Risk ... more details
Orphan date February 2009 Electrochemical cell Cell s are individual cylindrical or rectangular energy storage devices inside a battery. Commodity cells are the kind of cells used in laptop s and cell phone s, as the energy storage element in its batteries. Cells that can be used by electronics manufacturers like Dell Computer just as they can be used by car companies. Production The auto industry battery consortium, USABC , set about to invent automotive batteries made from specialty cells for cars. Tesla Motors uses commodity cells to make their automotive batteries. This is why Tesla s battery is cheaper, higher capacity, more reliable, and more available than anything produced by USABC. It went into production for a fraction of the money previously spent by the consortium. Practically all commodity cells today are made in Asia mainly Japan, South Korea, and China. There is no significant production anywhere in the US. Even American battery companies such as A123 , Valence Technology and AltairNano turn to Asia for mass production. A modern lithium ion cell plant such as those in Japan is a highly automated affair with very low labor content. References http finance.senate.gov hearings testimony 2007test 050107testme.pdf External links http www.teslamotors.com Tesla Motors http finance.senate.gov sitepages hearing050107.htm electronics stub Category Battery electricity ... more details
Futures exchange s establish a minimum amount that the price of a commodity can fluctuate upward or downward. This minimum fluctuation trade increment is known as a tick or commodity tick . Hence, a tick is any fluctuation in the price of a security finance security ref http www.investopedia.com articles 01 070401.asp?partner answers Understanding The Ticker Tape , Investopedia ref . Each futures contract has a different size, quantity, valuation etc., so each tick size that can be applied to any one futures contract, is dependent on the previous variables. Tick size is important as it determines the possible prices available. For example, each tick for the grain market soybeans, corn and wheat is 0.25 cents per bushel, on one 5,000 bushel futures contract. class wikitable Tick values for some popular contracts as of June 2010 ref http www.cmegroup.com CME Group ref Futures Product Contract Size Tick Size Tick Value E Mini S&P 500 50 x index 0.25 12.50 E Mini Nasdaq CME 20 x index 0.25 5.00 Australian Dollar A 100,000 0.0001 10.00 ref http www.cmegroup.com trading fx g10 australian dollar contract specifications.html CME Australian Dollar contract specifications ref British Pound 62,500 0.0001 6.25 Canadian Dollar CME C 100,000 0.0001 10.00 Euro FX CME 125,000 0.0001 12.50 Japanese Yen 12,500,000 0.000001 12.50 Mexican Peso MP 500,000 0.000025 12.50 New Zealand Dollar NZ 100,000 0.0001 10.00 Swiss Franc SF 125,000 0.0001 12.50 30 Day Fed Funds 5,000,000 annualized 0.00005 20.835 2 Year Treasury Note 200,000 1 4 of 1 32 15.625 5 Year Treasury Note 100,000 1 2 of 1 32 15.625 10 Year Treasury Note 100,000 1 2 of 1 32 15.625 ref http www.cmegroup.com trading interest rates us treasury 10 year us treasury note contract specifications.html CME 10 year Note contract specifications ref 30 Year Treasury Bond 100,000 1 32 31.25 Gold CBOT 100 oz 0.10 oz 10.00 Silver CBOT 5,000 oz ... ref See also Tick size References references External links http www.oxfordfutures.com commodity ... more details
of political economy , commodity fetishism denotes the mystification of human relations said to arise ... of commodity fetishism plays a crucial role in Marx s theory of capitalism, because it links ... their historical origin in commodity trade. Textual origins The term is introduced in the opening chapter ... value form of a commodity is mediated, namely by its relation to another commodity. Through this value form the value of the commodity is expressed as something completely distinct from its own ... archive marx works 1867 c1 appendix.htm . ref Quotation A commodity is... a mysterious thing ... embedded in this mode of production is equated with the commodity by those who have to deal ... The Reification Marxism reified perception in commodity trade denoted by the concept of commodity ... potential . the value of one commodity comes to depend on the value of many other commodities being produced and traded, commodity values can change quite independently of any particular value or valuer ... or verify what rises and falls of commodity values should be attributed to, and therefore it seems ... thought, commodity fetishism is often defined as an illusion arising from the central role that private ... of price movements . In this sense, the fetishization of commodity relationships seriously distorts ... people have, powerfully promoted by commodity fetishism, the effect of which is that people habitually ... theory of sexual fetishism led to new interpretations of commodity fetishism, as types of sexually ... 1923 on Marx s notion, developing his own notion of commodity reification as the key obstacle ... to Marx s notion of the commodity for Debord, the spectacle made relations among people seem ... when people begin to view their whole being as a marketable commodity, and regard every human interaction as a potential transaction. In the work of the semiotics semiotician Baudrillard, commodity ... alongside Marx s commodity. Other theorists such as Thorstein Veblen and Alain de Botton have been ... more details
Merge from Commodity index fund date June 2010 A commodity price index is a fixed weight index or weighted average of selected commodity prices, which may be based on spot or futures prices. It is designed to be representative of the broad commodity asset class or a specific subset of commodities, such as energy or metals. The constituents in a commodity price index can be broadly grouped into the following categories Energy Metals Base Metals Precious Metals Agriculture Grains Softs Livestock Investors can choose to obtain a passive exposure to these commodity price indices through a total return swap . The advantages of a passive commodity index exposure include negative correlation with other asset classes such as equities and bonds, as well as protection against inflation . The disadvantages include a negative roll yield due to contango in certain commodities, although this can be reduced by active management techniques, such as reducing the weights of certain constituents e.g. precious and base metals in the index. Indices Continuous Commodity Index CCI http www.astmax.com index e.html Astmax Commodity Index AMCI Commin Commodity Index Dow Jones AIG Commodity Index Goldman Sachs Commodity Index Thomson Reuters Jefferies CRB Index Rogers International Commodity Index Standard & Poor s Commodity Index NCDEX Commodity Index Deutsche Bank Liquid Commodity Index Deutsche Bank Liquid Commodity Index DBLCI UBS Bloomberg Constant Maturity Commodity Index CMCI http gmi.ml.com mlcx Merrill Lynch Commodity index eXtra MLCX Articles http www.rogersrawmaterials.com overviewandanalysis.PDF Commodity Indexes Overview and Analysis by Rogers Raw Materials http www.roundstoneadvisors.com commodities.php?id 1&p 1 Research Database of Commodity Price Indices External links http www.dmoz.org search?q Commodity price index Commodity price index at the Open Directory Project Category Derivatives finance Category Commodity price indices ... more details
Multiple issues orphan February 2010 unreferenced April 2008 Commodity trading in India has a long history. In fact, Commodity markets commodity trading in India started much before it started in many other countries. However, years of foreign rule , drought s and periods of scarcity and Government policies caused the commodity trading in India to diminish. Commodity trading was, however, restarted in India recently. Today, apart from numerous regional exchanges, India has four national commodity exchanges namely, Multi Commodity Exchange MCX , National Commodity and Derivatives Exchange NCDEX , National Multi Commodity Exchange NMCE and Indian Commodity Exchange ICEX . The regulatory body is Forward Markets Commission FMC which was set up in 1953. Useful resources links http www.fmc.gov.in Forward Markets Commission http www.mcxindia.com Multi Commodity Exchange http www.ncdex.com National Commodity and Derivatives Exchange http www.nmce.com National Multi Commodity Exchange http www.icexindia.com Indian Commodity Exchange DEFAULTSORT Commodity Trading In India Category Commodities market in India India ... more details
The Standard & Poor s Commodity Index SPCI is a commodity price index that measures the price changes in a cross section of agricultural and industrial commodities with actively traded U.S. futures contracts, stretching across five sectors Energy , Metals , Food grain Grain s, Livestock , and Fibers & Softs. Only commodities that are consumed for industrial use are included in the index. Weights in the index are determined by the dollar value of Commercial Open Interest COI for each component commodity, and rebalanced annually each February. Effective January 31, 2008 Standard & Poor s discontinued calculation and publication of the S&P Commodity Index Series. Components and weightings as of 2006 Natural Gas 17.65 Unleaded Gas 12.16 Heating Oil 12.13 Crude Oil 11.41 Wheat 5.15 Live Cattle 4.87 Corn 4.48 Coffee 3.88 Soybeans 3.84 Sugar 3.80 Silver 3.67 Copper 3.39 Cotton 3.22 Soybean Oil 2.98 Cocoa 2.79 Soybean Meal 2.57 Lean Hogs 2.04 Other Indices Dow Jones AIG Commodity Index Goldman Sachs Commodity Index Reuters Jefferies CRB Index Rogers International Commodity Index External links http www2.standardandpoors.com portal site sp en us page.topic indices spcig 2,3,4,0,0,0,0,0,0,0,0,0,0,0,0,0.html SPCI Homepage Category S&P Category Commodity price indices it Standard & Poor s Commodity Index ... more details
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