I don't want to bore the reader with everything available.

What is a Commodity? A Commodity can be a "good" for which there is a need for. You will discover "soft commodities", which are goods that happen to be developed and you will find "hard commodities", which are items which might be acquired through mining or extraction processes. There also other people that have NO underlying solution. To break this down further so you're able to begin to see the distinction, we've got commodities in Agriculture, Energy, Fairness Index, Foreign exchange or Forex because it is greater identified by. Metals and Rates of interest simply to title several. Completely different exchanges trade diverse commodities.
So to interrupt these commodities down even further I will begin with agriculture. First off, "Grains & Oil seeds. There's corn, wheat, soybeans, soybean meal, soybean oil, crude palm oil, oats and rough rice.
Under the same header of "Agriculture" we've "Livestock". This includes: Live cattle, Feeder cattle, Lean hogs and Frozen pork bellies. Men and women laugh at Pork bellies but what do you think happened to the prices when the commodity trading communities first heard the words "Swine Flu"? Think about that. There is certainly "Dairy". There are actually many different "Milks", Milk powder, whey, butter. "Softs": Cocoa, Coffee, Cotton, Sugar. "Forest": Lumber and Pulps. Enough on "Agriculture", let's move on.
The next header I move to is "Energy". I'm sure most folks discover this 1 interesting as of it's popularity in the news on how it affects our pocketbooks. The 1st title under power is: "Crude Oil". But did you know that under the title of Crude Oil there are actually 6 other oils beside "Light Sweet Crude Oil"? Which by the way, closed at 90.85 per barrel Friday on the floor, but Globex has it at 91.10. More on Globex Substantially later. There is certainly also "Gulf Coast Sour Crude" for 1. I never have tasted oil, not intentionally anyway. So how do you tell if it turned sour? Food for thought.
Another header is Fx or Foreign exchange. This is usually a whole world all by itself. The main titles under this header are: "G10 Currency Pairs" and "Emerging Market Currency Pairs". G10 is of course the top 10 industrial nations which has been increased to 11 but they never changed the title. Currency pairs is the comparison of a single of the top 10 currency dollars against another dollar, typically the U.S. Dollar or USD as it is more popularly recognized and traded as. Emerging Market Pairs is of course just it says. Newcomers doing well, or not. Foreign exchange trading is huge and deserves a lot of attention if one particular is going to get involved. Not that any other Commodity deserves less, but the fact of following distinctive countries currency prices comes under close scrutiny.
The next header  https://www.facebook.com/mmoxxfifa14coins is "Metals". What comes to your mind very first? GOLD of course. Gold is under the title of "Precious". Also under that same title is: Silver, Platinum and Palladium. Under the title of "Base" is Copper. Another is Uranium. You can't in reality take possession of any Uranium. Uranium futures are a hedging tool for producers and users of uranium. More on "Hedging" at a later time. By the way, August Gold closed at 1502.80 and Globex has it at 1503.40.
Another header is "Interest rates". Under that header is "STIR" Short term interest rates. And under STIR is Eurodollar, Euro yen, 30 day federal funds, and 13 week T-Bills. The title "US Treasury Futures" has: US T-Bonds, 2,3,5, and 10 year T-Notes, simply to identify several. More titles are "Swap Futures", Curiosity Rate Index Futures, and Sovereign yield spreads. Under those titles are many itemized listings.
I saved the best header for last. I say the best considering that this is the one I love. It is called the "Equity Index". The main titles under Equity Index are "US Index" and "International Index". Under the International Index is basically the Nikkei. BUT under the US Index you have listings for: S&P 500 and many variations. NASDAQ and its variations and DJIA (Dow Jones Industrial Average) or DOW, and its variations. I like these since it is possible to trade the WHOLE index. All those little stocks make up the index and you may trade the entire entity. We all have our "pet peeves", and in trading, the S&P 500 is mine.

I have now covered what a commodity is and a number of of the several world services the word covers. Did you unearth a commodity that spiked your curiosity or know a little something about? If so, study it as we move along. Not familiar with anything? You just learned a LOT! If you're not new to commodities I'm probably boring you to death. BUT if that you are new, you have to get amazed at the opportunities that happen to be available in today's commodity markets.