Ad
related to: commodity price definition
Search results
Results from the WOW.Com Content Network
The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name ) other than price.
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.
A commodities exchange is an exchange where various commodities and derivatives are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can ...
A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. [2] Karl Marx described price as the money-name for the labour realised in a commodity. [3] A commodity value is dependent on its utility. [4]
A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between the prices of any two goods or the ratio between the price of one good and the price of a market basket of goods (a weighted average of the prices of all other goods available in the market).
The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited.The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index from AIG.
The commodity price shock in the second half of 2014 cannot be attributed to any single factor or defining event. [6] It was caused by a host of industry-specific, macroeconomic and financial factors which came together to cause the simultaneous large drops across many different commodity classes.
The following definition from Björk [24] describes a futures contract with delivery of item J at time T: There exists in the market a quoted price F(t,T), which is known as the futures price at time t for delivery of J at time T. The price of entering a futures contract is equal to zero.
Ad
related to: commodity price definition