These Are The 10 Most Traded Commodities

Financely
4 min readSep 5, 2022

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Image by Gerhard Traschütz from Pixabay

Commodity trading has increased a lot in the last two decades. The growth of this industry is due to several factors like the changing energy sector, new technologies and rising population. Commodities are on high demand among investors who want to get their hands on resources before they become scarce.

Brent Crude Oil

Brent is a light sweet crude oil and the main benchmark for European and African crudes.

It is produced in the North Sea, primarily by Shell UK Limited, but also by ExxonMobil (USA), Chevron Corporation (USA), Total S.A. (France) and Eni SpA (Italy). Brent forms the benchmark for over half of the world’s internationally traded crude oil.

WTI Crude Oil

WTI is a light sweet grade of crude oil. It’s the benchmark for US oil prices and the most heavily traded commodity in the world.

WTI is traded on the New York Mercantile Exchange (NYMEX), which includes contract months that range from one week to up to two years in length.

Gold

Gold is a precious metal that can be used in many different ways. Gold is much more malleable than other metals, so it’s popular in jewellery and electronics. Gold is also used as an investment and traded on the commodity market.

There are two major exchanges where gold prices are set: The New York Stock Exchange (NYSE) and the London Stock Exchange (LSE).

Silver

Silver is a precious metal that is used in jewelry, electronics and photography. It’s also used in medicine to prevent or treat infections from catheters and other medical devices.

Silver is also used in coins, bullion and silverware. Silver is often purchased by investors who are looking for a safe commodity that can be easily liquidated if needed.

Natural Gas

Natural gas is a fossil fuel, which means that it is derived from organic matter that has been buried underground for millions of years.

Natural gas can be found in many places around the world and today it is used as an energy source by more than half of all households.

Natural gas can be burned to create heat and power just like any other fossil fuel (coal, oil, etc.) because it contains hydrogen and carbon atoms. However, unlike other fossil fuels such as coal or oil that emit large amounts of carbon dioxide when burned for electricity generation or space heating purposes, natural gas produces heat through its clean burning process without producing significant amounts of pollutants such as CO2 or SO2.

This makes natural gas an attractive alternative energy source for both industry and domestic use because it reduces greenhouse gases emissions significantly compared to other energy sources such as coal-fired power plants that produce smog containing ozone pollution along with toxic chemicals during combustion processes.

Copper

Copper is a metal with many uses. It’s used in building, electrical and automotive industries. Copper piping is used for plumbing.

The use of copper has increased due to its ability to conduct heat and electricity efficiently, as well as its ability to resist corrosion at higher temperatures. It is also easily melted down and shaped into different forms.

Soybeans

Soybeans are the most traded commodity in the world.

They are a major crop in the United States and are used for food, livestock feed, biofuel and oil. Soybean oil is used in many processed foods and biodiesel production.

Corn

Corn is a type of grain that is used in many products, including ethanol and corn syrup. Corn is also used to make cornstarch.

Sugar

The sugar industry is a $50 billion global market, with about 168 million tons of marketable sugar produced each year.

Sugar is a sweetener that’s found in many foods and drinks, including chocolate and candy. It can be refined or unrefined; the refining process removes impurities such as molasses while removing water from raw cane or beet juice.

In addition to being used as a sweetener, sugar has other uses as well: it’s used in manufacturing alcohols like rum and whiskey (as well as some beers), it acts as an ingredient in many cosmetics products like shampoos and face powders (to keep them from drying out), it helps preserve baked goods for longer periods of time by giving them more moisture; and finally it can be used for animal feed!

Sugar was one of the first commodities traded on commodity exchanges back when these markets were called “exchanges”.

Today there are two main types of exchange: physical where traders buy actual goods (like cattle) versus financial where traders just speculate on whether prices will go up or down without actually owning anything themselves

Platinum

Platinum is a rare, silvery-white, precious metal that is found in some nickel and copper ores. It has been used for centuries as jewellery and for making scientific instruments.

Commodity trading has increased a lot in the last two decades.

Commodities are important for the global economy and have become a big business for banks and hedge funds.

This is due to the increase in global trade and the constant need of raw materials by different industries.

Commodities can be traded as raw materials or finished products depending on where they are used.

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Financely
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Written by Financely

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