Commodities trading
Commodities exchanges usually trade futures contracts on commodities, such as trading contracts to receive something, say corn, in a certain month. A farmer raising corn can sell a future contract on his corn, which will not be harvested for several months, and guarantee the price he will be paid when he delivers; a breakfast cereal producer buys the contract now and guarantees the price will not go up when it is delivered. This protects the farmer from price drops and the buyer from price rises.
Speculators and investors also buy and sell the futures contracts to make a profit and provide liquidity to the system.
Main commodity exchanges worldwide:
Americas
Exchange |
Abbreviation |
Location |
Product Types |
Brazilian Mercantile and Futures Exchange |
BMF |
Brazil |
Agricultural, Biofuels, Precious Metals |
CME Group |
CME |
Chicago |
Agricultural, Biofuels, Precious Metals |
Chicago Climate Exchange |
CCX |
Chicago |
Emissions |
HedgeStreet Exchange |
|
California |
Energy, industrial Metals |
Intercontinental Exchange |
ICE |
|
Energy, Emissions |
Kansas City Board of Trade |
KCBT |
Kansas City |
Agricultural |
Memphis Cotton Exchange |
|
Memphis |
Agricultural |
Mercado a Termino de Buenos Aires |
MATba |
Argentina |
Agricultural |
Minneapolis Grain Exchange |
MGEX |
Minneapolis |
Agricultural |
New York Board of Trade |
NYBOT |
New York |
Agricultural, Biofuels |
New York Mercantile Exchange |
NYMEX |
New York |
Energy, Agricultural, Industrial Metals, Precious Metals |
U.S. Futures Exchange |
USFE |
Chicago |
Energy |
Winnipeg Commodity Exchange |
WCE |
Winnipeg |
Agricultural |
Asia
Exchange |
Abbreviation |
Location |
Product Types |
Bursa Malaysia |
MDEX |
Malaysia |
Biofuels |
Central Japan Commodity Exchange |
|
Nagoya |
Energy, Industrial Metals, Rubber |
Dalian Commodity Exchange |
DCE |
China |
Agricultural, Plastics |
Dubai Mercantile Exchange |
DME |
Dubai |
Energy |
Dubai Gold & Commodities Exchange |
DGCX |
Dubai |
Precious Metals |
Kansai Commodities Exchange |
KANEX |
Osaka |
Agricultural |
Multi Commodity Exchange |
MCX |
India |
Energy, Precious Metals, Metals, Agricultural |
National Commodity Exchange Limited |
|
Karachi |
Precious Metals, Agricultural |
National Commodity and Derivatives Exchange |
NCDEX |
Mumbai |
All |
Singapore Commodity Exchange |
SICOM |
Singapore |
Agricultural, Rubber |
Tokyo Commodity Exchange |
TOCOM |
Tokyo |
Energy, Precious Metals, Industrial Metals, Agricultural |
Tokyo Grain Exchange |
TGE |
Tokyo |
Agricultural |
Zhengzhou Commodity Exchange |
CZCE |
China |
Agricultural |
Europe
Exchange |
Abbreviation |
Location |
Product Types |
Climex |
CLIMEX |
Amsterdam |
Emissions |
NYSE Euronext |
|
Europe |
Agricultural |
European Climate Exchange |
ECX |
Europe |
Emissions |
London Metal Exchange |
LME |
London |
Industrial Metals, Plastics |
Risk Management Exchange |
RMX |
Hannover |
Agricultural |
Oceania
Exchange |
Abbreviation |
Location |
Product Types |
Australian Securities Exchange |
ASX |
Sydney |
Agricultural |