Editing Commodity (section)

==Commodity trade==
{{Main article|Futures exchange|Commodity market}}
In the original and simplified sense, '''''commodities''''' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer were considered equivalent. On a commodity exchange, it is the underlying standard stated in the contract that defines the commodity, not any quality inherent in a specific producer's product.

[[Commodities exchange]]s include:<!-- New links in alphabetical order please -->
* Bourse Africa (formerly GBOT)
* [[Bursa Malaysia]] Derivatives (MDEX)
* [[Chicago Board of Trade]] (CBOT)
* [[Chicago Mercantile Exchange]] (CME)
* [[Dalian Commodity Exchange]] (DCE)
* [[Euronext.liffe]] ([[LIFFE]])
* [[Kansas City Board of Trade]] (KCBT)
* [[London Metal Exchange]] (LME)
* [[Marché à Terme International de France]] (MATIF)
* Mercantile Exchange Nepal Limited (MEX)
* [[Multi Commodity Exchange]] (MCX)
* [[National Commodity and Derivatives Exchange]] (NCDEX)
* [[National Commodity Exchange Limited]] (NCEL)
* [[New York Mercantile Exchange]] (NYMEX)
* [[Yiwu International Trade City]](Yiwu Market)
[[Commodity market|Markets for trading commodities]] can be very [[economic efficiency|efficient]], particularly if the division into pools matches demand [[market segmentation|segments]]. These markets will quickly respond to changes in [[supply and demand]] to find an [[Economic equilibrium|equilibrium]] [[price]] and quantity. In addition, investors can gain passive exposure to the commodity markets through a [[commodity price index]].

In order to [[Diversification (finance)|diversify]] their investments and mitigate the risks associated with [[inflation]]ary debasement of currencies, [[pension fund]]s and [[sovereign wealth fund]]s allocate capital to non-listed assets such as a commodities and commodity-related infrastructure.<ref name="turkishweekly">{{Cite news |author=M. Nicolas Firzli & Vincent Bazi 
 |title=Infrastructure Investments in an Age of Austerity : The Pension and Sovereign Funds Perspective
 |url=http://www.turkishweekly.net/op-ed/2852/infrastructure-investments-in-an-age-of-austerity-the-pension-and-sovereign-funds-perspective.html
 |work=Revue Analyse Financière, volume 41
 |date=2011 |access-date=30 July 2011 |location=. |url-status=dead
 |archive-url=https://web.archive.org/web/20110917182931/http://www.turkishweekly.net/op-ed/2852/infrastructure-investments-in-an-age-of-austerity-the-pension-and-sovereign-funds-perspective.html
 |archive-date=17 September 2011 }}</ref>