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Investors believe that corn commodity will remains an interesting commodity in the next upcoming years.
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Commodities are basically a type of raw materials that make goods we manufacture, transport or consume. The trading of commodities involves four categories • Energy (such as crude oil or heating oil etc) • Metals (such as gold, silver, platinum or copper) • Livestock and Meat (such as live cattle and feeder cattle or pork bellies) • Agricultural (such as corn, soybeans, wheat, rice, cocoa, coffee, cotton and sugar)
Let us explain the corn commodity which comes under the category of Agriculture. Corn is the most highly cultivated and traded crop. It is also the primary food source. Besides food for human consumption, the crop is an important ingredient in livestock and poultry feeds. Among the entire commodities corn commodity is the main one.
Let’s know more about corn and the main factors which make it an important commodity Corn grown in the world has traditionally converted into corn syrup and used as a sweetener. Now a day’s corn is increasingly being used in the production of ethanol and it is no longer just a food, it has joined the ranks of the energy commodity. .
The price of corn holds great potential as energy is always in great demand in our every growing energy dependent society. The growing demand for agricultural commodities, including corn, in the coming years will create an upward pressure on corn prices and in few years corn is going to be used in place of fossil in the future for generating energy because global dependence on fossil fuels for generating energy is being reducing day by day. The corn commodity remains an interesting commodity to keep an eye on it in the next upcoming years.
