09.10.2014 - Agricultural Commodities
Commodities that come from the raising of crops and/or animals are called agri commodities. While some agricultural commodities, such as corn or beef, are direct products of the Earth, others such as high fructose corn syrup are derived from them. The US Commodity Futures Trading Commission defines agri commodties as one among the four categories: (1) the enumerated commodities listed in section 1A of the Commodity Exchange Act, including wheat, cotton, corn, the soyabean complex, livestock, etc.; (2) a general operational definition that covers: “All other commodities that are, or once were, or are derived from, living organisms, including plant, animal and aquatic life, which are generally fungible, within their respective classes, and are used primarily for human food, shelter, animal feed, or natural fibre;”..............................................Full Article: Source
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