What is Commodity

Commodity:Commodity plays a big role in our everyday life. In our day life almost all things is a commodity but if somebody want to know specifically that what is commodity so answer is that -"Commodity is anything which can exchange and which can sold.
Such as Rice is a product which can sell or somebody buy this there is happen a exchange means trade.Other wise when foreign people go to other country for any reason or work he need to this country money that is called money exchange.on the other hand business people make this mostly by buying and selling product.
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Commodity Trading:What is commodity Trading?Commodity trading is like that which describes all kids of future markets.and what is included in this market?such as corn,gold,rice etc. and you can take from all of this any kinds of benefits.

This Month Gas Commodity Price :
Energy and fuel costs have been volatile this year. In fact gas prices trading at the California border have fluctuated from over $12 per MMBtu down to under $8 per MMBtu just since July. It's generally difficult to forecast where gas prices will go long-term, and for this year that is also holding true for even shorter-term forecasts. Industry analysts are predicting continued natural gas price volatility through at least the end of the year. This is due to a number of factors, including record-high crude oil prices which continue to fluctuate after having reached record-high levels, uncertain weather outlook impacting gas demand, and hurricanes potentially affecting gas production in the Gulf of Mexico region.

Effective September 1, 2008, the procurement component of the core sales rate will decrease 18.877 ¢/therm to 68.874 ¢/therm. This decrease resulted from a 19.000 ¢/therm decrease in commodity prices.Compared to a year ago, the procurement rate is about 34.4% higher (17.636 ¢/therm) than what it was effective September 2007. Combined with the transportation rate, core residential and C&I sales customers will see about a 16.7% rate decrease from last month.

In Asian Trade oil falls below $105

Oil prices tumbled below $105 a barrel in Asian trade Tuesday as US dollar continued to gain strength amid expectations that OPEC will not cut output when it meets later this day.

US crude for October delivery was down $1.39 a barrel at $104.95 by 3.30 IST, after briefly falling more than $2 to touch a new five-month low of $104.23 a barrel.

Oil is under pressure despite the potential threat from Hurricane Ike, which is headed towards the US Gulf and offshore oil fields that produce a quarter of US oil and 15 percent of its natural gas.
London Brent crude was $1.41 down at $102.03 a barrel, closing in on the $100 mark. The dollar's rise to a one-year peak against a basket of currencies has spurred a shift away from commodities that has driven down prices across the spectrum.

Oil has fallen nearly 30 percent from a record peak of $147.27 a barrel on July 11, depressed partly by a fall in demand from the world's top energy consumer the United States, where the economy is battling to ward off recession.
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