By Chuck Myers, McClatchy-Tribune News Service –
What determines the price for a gallon of gas or an ounce of gold?
In part, the commodity markets.
Traders buy and sell a wide variety of commodities, from precious metals to wheat, soybean and corn.
If you’d like to understand how commodity trading works, you might visit one of these websites:
—Investopedia: Provides basic definition of a commodity, and related links on futures trading. http://www.investopedia.com/terms/c/commodity.asp
—Financial Web: Discusses ways investors can profit from commodities, and other related topics. http://www.finweb.com/investing/how-do-investors-usually-profit-in-the-commodity-exchange.html
—CME Group: Features a wide range of online futures trading educational information and specific products. http://www.cmegroup.com/education/product-specific/the-basics.html
—U.S. Commodity Futures Trading Commission: Offers futures markets basics and commodity trading guidelines. http://www.cftc.gov/ConsumerProtection/EducationCenter/index.htm
—ETF Guide: Breaks down investing in commodities, commodity trading forms and taxes. http://www.etfguide.com/etfcommodity.htm