where are commodities traded 
the major u s commodity exchanges are ice futures u s and the cme group which operate four major exchanges the chicago board of trade cbot the chicago mercantile exchange cme the new york mercantile exchange nymex and the commodity exchange inc comex there are also major commodities exchanges located around the world the bottom linecommodities are basic goods and materials that are widely used and are not meaningfully differentiated from one another examples of commodities include barrels of oils bushels of wheat or megawatt hours of electricity commodities have long been an important part of commerce but in recent decades commodities trading has become increasingly standardized 