Commodities are the essential products that we all use in our day-to-day lives. While production is a local affair, consumption is ubiquitous. Commodities come from parts of the world where the earth’s crust is rich in energy or mineral and ore deposits. Agricultural commodities grow in areas where access to water and favorable climates support production. Many commodity prices experience seasonal price pressures from both the supply and the demand side of the fundamental equation. However, people worldwide consume commodities each day as they require nutrition, shelter, clothing, and energy that powers lives.
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