commodity market JUST WRITTEN FOR YOU
/kəmˈɒdɪti mɑːrˈkɪt/ · com·mod·i·ty mar·ket
noun
- A market where goods and raw materials are bought and sold, often in large quantities. The commodity market is highly volatile, with prices fluctuating rapidly due to changes in supply and demand.
- A platform or exchange where commodities are traded, such as futures contracts or options. The New York Mercantile Exchange is a major commodity market for oil and other energy commodities.
Did you know? The Chicago Board of Trade, established in 1848, is one of the oldest and most influential commodity markets in the world, trading commodities such as corn, soybeans, and wheat.