Commodity futures
Commodity futures are futures contracts that involve the sale or purchase of various commodities, including grains, oil seeds, livestock, meats, fiber, metals, and wood.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Commodity futures. Futures contracts that involve the sale or purchase of various commodities, including grains, oil seeds, livestock, meats, fiber, metals, and wood.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Commodity futures. A contract that is used to hedge against price changes for input materials.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
