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The commodities listed below are a few of the typical components that go into a store's cost of goods sold. These are products such as oil. And particularly for restaurants, these are grain, beef and dairy. These items show what the market expects of the item's future price. These commodity futures are meant to help give a shop owner an idea of the trend that the market expects a commodity to head, an indication of where the store's cost in this area is going.
Products that are sold in a largely undifferentiated manner by suppliers are commodities. The future prices of these products are bought and sold on commodities exhanges like the Chicago Board of Trade or the New York Mercantile Exchange.
These prices are updated every day, with a slight delay from real time (up to 20 minutes).