Commodity market

A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.

A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with Central Counterparty Clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market.

Commodity

In economics, a commodity is a substantially fungible marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.

Etymology

The word commodity came into use in English in the 15th century, from the French commodité, "amenity, convenience". Going further back, the French word derives from the Latin commoditas, meaning "suitability, convenience, advantage". The Latin word commodus (from which English gets other words including commodious and accommodate) meant variously "appropriate", "proper measure, time, or condition", and "advantage, benefit".

Types of commodity

The term commodity is specifically used for an economic good or service when the demand for it has no qualitative differentiation across a market. In other words, a commodity good or service has full or partial but substantial fungibility; that is, the market treats its instances as equivalent or nearly so with no regard to who produced them. As the saying goes, "From the taste of wheat, it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist."Petroleum and copper are other examples of such commodities, their supply and demand being a part of one universal market. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface and the perceived quality. The demand for one type of stereo may be much larger than demand for another.

Market

Market may refer to:

Art, entertainment, and media

Film

Television

Brand or enterprise

Types of economic markets

Aspects of economic markets

My All

"My All" is a song by American singer-songwriter Mariah Carey from her sixth studio album, Butterfly (1997). It was released as the album's fifth and second commercial single on April 21, 1998 by Columbia Records. The song was written and produced by Carey and Walter Afanasieff. "My All" is built around Latin guitar chord melodies, and makes subtle use of Latin percussion throughout the first chorus, before taking on a more conventional contemporary R&B-style beat. Carey was inspired to write the song and use Latin inspired melodies after her trip to Puerto Rico, where she was influenced by the culture. The song's lyrics tell of a lonely woman declaring she would give "her all" to have just one more night with her estranged lover.

The music video for the song was released in March 1998. It shows many scenes of Carey laying on a submerged vessel in a large body of water, while lamenting her lost lover. Towards the video's climax, Carey and her love interest climb atop a lighthouse and caress each other under the night's sky. "My All" was performed live on various occasions, including the 1998 World Music Awards and Blockbuster Entertainment Awards, Saturday Night Live, The Rosie O'Donnell Show and various European television and music chart programs. The song was also part of Carey's 1998 Butterfly World Tour, and was performed during many future tours and concerts. House music producer David Morales remixed the song, which was sung in live medley's with the original.

I Predict

"I Predict" is a song by Los Angeles band Sparks. It was released in 1982 as the only single from Angst in My Pants, although an effort was made to release "Eaten by the Monster of Love" as a second single. The group promoted the single with a typically eclectic performance on Saturday Night Live. They also performed "Mickey Mouse", another Angst in My Pants track.

Video

A music video made to accompany the single featured Ron Mael in drag doing a striptease. The video was directed by David Lynch.

Track listing

Personnel

Chart positions

References

External links