How is future trading done in commodity.

How is future trading done in commodity.



Commodities-770x433
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Commodities futures are agreements to buy or sell a raw material at a specific date in the future at a particular price. The contract is for a set amount. The three main areas of commodities are food, energy, and metals
A commodity is an economic good or service that has full or considerable replaceable: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
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