Commodities are raw materials or primary agricultural, energy, or mineral products that can be bought and sold on various markets. They’re broadly grouped into four major categories:
Energy
- Crude oil (West Texas Intermediate [WTI], Brent): https://datahub.io/core/oil-prices
- Natural gas: https://datahub.io/core/natural-gas
- Gasoline: TODO
- Heating oil: TODO
Metals
- Precious metals:
- Gold: https://datahub.io/core/gold-prices
- Silver
- Platinum
- Palladium
- Industrial metals: Copper, Aluminum, Zinc, Nickel, Lead
Agriculture
- Grains: Corn, Wheat, Oats, Soybeans
- Soft commodities: Sugar, Coffee, Cocoa, Cotton
- Oilseeds: Soybeans, Rapeseed
Livestock and Meat
- Live cattle
- Feeder cattle
- Lean hogs
Each commodity is typically traded on specialized exchanges (such as the Chicago Mercantile Exchange, New York Mercantile Exchange, or London Metal Exchange) through both spot and futures contracts. These contracts allow producers, consumers, and speculators to manage price risk and potentially profit from price movements in global markets.