Facts about Commodities:
- The word commodity comes from the French; it was spelled “commodite’” which means to profit or benefit.
- In 1996, the average farmer owned over 450 acres, and over 140,000 farms were owned and/or operated by women.
- The world’s oldest futures exchange is the CBOT, which was founded in 1848.
- The first futures contract goes back to China over 6,000 years ago.....