• RSS NewsWire

    • Robotics team wins big in international competition October 16, 2018
      University robot rolls into the winner’s circle at international competition. BONNIE MOSEN reports. The post Robotics team wins big in international competition appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Blind patrons catered for at Nutcracker performances October 16, 2018
      The Nutcracker ballet will offer audio description to blind audience members. BONNIE MOSEN reports. The post Blind patrons catered for at Nutcracker performances appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • LISTEN: New Zealanders like their internet without limits October 15, 2018
      Broadband use is rising rapidly In this country. LEAH TEBBUTT reports. The post LISTEN: New Zealanders like their internet without limits appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Calls for change to benefit system October 15, 2018
      The Green Party wants an overhaul to the benefit system. LEAH TEBBUTT reports. The post LISTEN: Calls for change to benefit system appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Benefit system failing the most vulnerable October 15, 2018
      Green Party are changing the benefit system. LEAH TEBBUTT reports. The post Benefit system failing the most vulnerable appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Rainbow crossing a small step in the right direction October 15, 2018
      Members of the rainbow community say Wellington’s new rainbow crossing is a sign of visibility and pride for the capital. The crossing which was officially opened last week was a collaborative effort between the Wellington City Council and the rainbow community. Support group, Inside Out’s national coordinator, Tabby Besley says the crossing is important for […]
      Leah Tebbutt
    • On yer bike! October 15, 2018
      The post On yer bike! appeared first on NewsWire.co.nz.
      Jayden Tamarua
    • WATCH: Cats Protection League needs your help October 15, 2018
      Cashless society is bad news for Cats Protection League. COURTNEY DAY reports: The post WATCH: Cats Protection League needs your help appeared first on NewsWire.co.nz.
      Courtney Day
    • PHOTO ESSAY: Colourful crossing opened October 15, 2018
      A colourful street party marks the official opening of Wellington’s new rainbow crossing. MOLLY HANCOCK documents the occasion. The post PHOTO ESSAY: Colourful crossing opened appeared first on NewsWire.co.nz.
      Molly Hancock
    • LISTEN: Fun day highlights homelessness October 15, 2018
      A community fun day helps raise awareness on World Homeless day. NIKITA RAWNSLEY WRATT reports. The post LISTEN: Fun day highlights homelessness appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
  • 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