global commodity trading

How Do I Stay Informed About Global Commodity Market Trends?

Staying updated on trends in the global commodity market is easier than one might think. There are various tools and websites to use to stay up to date on the latest news and trends in the commodity market. Some of these websites and tools include the Energy Information Agency, World Bank, International Monetary Fund, and the Organisation of the Petroleum Exporting Countries

 

What Are Global Commodity Markets?

A commodity market is a market that trades in the primary economic sector rather than manufactured products. Agricultural products and other raw materials (such as wheat, barley, sugar, corn, cotton, cocoa, coffee, milk products, oil, metals, etc.) are traded on the majority of commodity markets worldwide, along with contracts based on them.

 

Where Would You Search For More Information On A Specific Commodity?

Different websites like World Bank Group and Oxford Economics provide different types of information on specific commodities. There are also tools available that can provide this information. The tools include Vesper, Bloomberg, Investopedia, and many more.

 

Where Can I Download Commodity Prices?

One of the many sources to download commodity prices is the World Bank website. It records and updates commodity prices called “pink data” (the reason for this name is unknown). On this World Bank website, there are downloadable prices for over 100 commodities. 

 

How To Stay Informed About Global Commodity Market Trends

Staying up to date with the commodity market trends can be daunting since there are so many tools and websites available. To make it easier, we’ve added a list of websites and tools to use to track the trends of the commodity market.

 

Sources Of Commodities Market Trends Through Government And Organisational Bodies

Here’s a list of government and organisational bodies to use to keep up to date with the latest commodity market trends:

Energy Information Agency: It’s an independent agency within the US Department of Energy. The Energy Information Agency plays a very important role in analysing and collecting energy information. One of their publications includes the weekly Petroleum Status report, which offers detailed information about US crude oil.

World Bank: The World Bank’s Commodity market website provides data, research and the latest trends in the global commodity markets. The Commodity Markets Outlook report offers a detailed analysis and predictions of global commodity markets predictions.

International Monetary Fund: This commodity portal is a comprehensive database that provides users access to a range of commodity prices and information. 

Organisation of the Petroleum Exporting Countries: This group provides valuable insights into the global oil market through commodity reports. These reports provide data and forecasts that are closely monitored by industry experts.

 

Alternative Free Online Commodities Market News Service

Some tools or websites require users to sign up for a subscription to access the commodity data. Here is a list of free online news services that offer valuable information on global commodity markets and their trends:

Oilprice.com: This is a website that provides up-to-date news, data, and trends related to the global oil and energy market. It provides information about oil and gas, alternative energy, and geopolitics.

Marketwatch: This leading financial news and information website provides real-time data and reporting on the global commodity markets. It’s a great website to learn more about what’s affecting the commodity markets.

Farms.com: This is a Canadian company that shares its insights and information to support farmers and the broader agricultural industry.

 

What Are The Three Types Of Commodities?

Commodities are categorized into three basic classifications. The three types include metal, energy, and agricultural commodities. Examples of metal commodities are copper, silver, and gold. Commodities used in agriculture include cotton, rice, wheat, corn, beef, and pigs. Examples of energy goods include coal, electricity, natural gas, and diesel.

 

What Is The Difference Between A Commodity Market And Stock Market?

Commodities represent goods like metals, minerals, oil, or agricultural products. Stock, on the other hand, represents equity in the company that grants part ownership to the stockholder. Stocks are traded in the stock exchange, while commodities are traded in the commodity market.



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