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Commodities are bulk goods like grains, metals, fuel
oils and food products that are traded on markets known as commodities
markets. The major investment vehicle in this market is the futures
contract. In a futures contract a buyer, or seller, can purchase or sell
a specific amount of the bulk product at an agreed price for both
payment and delivery to occur at a specified date in the future. Trading
in these securities is governed by the Commodity Futures Trading
Commission.
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