Identification should include
- defining a commodity market and explaining the differences between hard and soft commodities
- explaining how investors can gain exposure to commodities
- identifying the major U.S. commodity exchanges
- Chicago Board of Trade
- Chicago Mercantile Exchange
- New York Board of Trade
- New York Mercantile Exchange
- Kansas City Board of Trade
- Minneapolis Grain Exchange
- explaining how commodity markets work
- the types of commodity markets
- commodity market requirements
- advantages and disadvantages of commodity markets.
Process/Skill Questions:
- What is the difference between hard and soft commodities?
- What are the objectives of the commodities market?
- What is a commodity product?
- What are the major agricultural commodities?
- Why are agricultural commodities important?
- How does one purchase an agricultural commodity?