Commodities are basic goods used in commerce that are interchangeable with other commodities of the same type. In economics, commodities are an economic good or service that has full or substantial fungibility. In other words, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
The quality of any given commodity may differ slightly, but generally, they are uniform across producers. This documentary takes a look at some of the common commodities, including metals, energy, livestock, meat, agricultural, and more.
Commercial traders and commodity producers risk hundreds of millions in a single transaction on any given day. After watching the documentary, you will have a better understanding of the commodity market, and how it works.