• RSS NewsWire

    • Ambos dust off Onesies for annual appeal August 17, 2018
      LISTEN: Wellington Free Ambulance Street Appeal is all about the onesies The post Ambos dust off Onesies for annual appeal appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Mayor throws on Onesie for ambulance appeal August 17, 2018
      LISTEN: Mayor Justin Lester onboard with street appeal The post Mayor throws on Onesie for ambulance appeal appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Simple solution to stay safe online August 17, 2018
      LISTEN: Netsafe CEO has some simple tips for online safety. NICO HENDRICKS reports. The post Simple solution to stay safe online appeared first on NewsWire.co.nz.
      Nicholas Hendricks
    • Burger competition sparks debate over fries August 16, 2018
      The post Burger competition sparks debate over fries appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
    • International success for a Petone pizzeria August 16, 2018
      The post International success for a Petone pizzeria appeared first on NewsWire.co.nz.
      Jayden Tamarua
    • LISTEN: BSA wants to know how you monitor online content for kids August 16, 2018
      The BSA wants to know about your kid's viewing habits. BONNIE MOSEN reports. The post LISTEN: BSA wants to know how you monitor online content for kids appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Listen: Parisians shocked at latest attempt to clean up their city August 16, 2018
      LISTEN: New urinals are a little too public according to one French man. NICO HENDRICKS reports. The post Listen: Parisians shocked at latest attempt to clean up their city appeared first on NewsWire.co.nz.
      Nicholas Hendricks
    • LISTEN: High hopes for success of miscarriage bill August 16, 2018
      Hopes a private members bill will get cross party support . LEAH TEBBUTT reports The post LISTEN: High hopes for success of miscarriage bill appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Teachers strike for a better life balance August 16, 2018
      Teachers are missing out on time with their children due to job pressure. LEAH TEBBUTT reports: The post LISTEN: Teachers strike for a better life balance appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Decade of neglect behind teacher strike August 15, 2018
      Striking teacher tells government the dwindling education workforce has had enough and it's time to act. LEAH TEBBUTT reports from today's rally in Wellington. The post LISTEN: Decade of neglect behind teacher strike appeared first on NewsWire.co.nz.
      Leah Tebbutt
  • Advertisements

Commodity Exchange 101

Welcome to the first instalment of Commodify Me! – the blog covering everything and anything to do with the commodity exchange.

Before I begin analysing the issues facing commodities  in the current recession, I think it would be best to cover the basics – i.e. what is the commodity exchange and how it operates.

In essence, the commodity exhange is a group of regulated and organised global markets where commodities  (CLICK HERE to see a full list of traded commodities) are bought and sold by traders, both locally and internationally.

Commodities are generally traded through futures contracts. These contracts are traded on the futures markets.

A good exmaple of how futures contracts and the futures markets work can be found here

The prices of commodities are influenced by supply and demand. In other words, commodity prices aren’t set, meaning they flactuate daily. This is often refered to as the market price.

So there we have it, a brief insight into the complex workings of the commodity exchange.

Hopefully that wasn’t too painful!

Advertisements