What are the different types of commodities?

Commodities can be classified into four main categories:

1. Agricultural commodities: These include crops like wheat, corn, soybeans, rice, coffee, sugar, cotton, and livestock like cattle, hogs, and poultry. Agricultural commodities are typically traded on commodity exchanges.

2. Energy commodities: These include natural gas, crude oil, heating oil, gasoline, and diesel fuel. Energy commodities are also traded on commodity exchanges.

3. Metals: This category includes precious metals like gold, silver, platinum, and palladium, as well as base metals like copper, aluminum, nickel, and zinc. Metals are traded on both commodity exchanges and spot markets.

4. Other commodities: This category includes items like timber, rubber, and industrial chemicals. These commodities are traded on various exchanges and markets.