Commodities exchange Totally Explained

Everything about Commodities Exchange totally explained

A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can include spot prices, forwards, futures and options on futures. Other sophisticated products may include interest rates, environmental instruments, swaps, or ocean freight contracts. Steel contracts started to be traded for the first time on the London Metal Exchange in 2007.

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 won't be harvested for several months, and guarantee the price he'll be paid when he delivers; a breakfast cereal producer buys the contract now and guarantees the price won't go up when it's 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.

Commodities exchanges across the world

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

Further Information

Get more info on 'Commodities Exchange'.

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