What are the different types of commodity exchange?

Commodity exchanges can be categorized into several types based on the nature of the commodities traded. The primary types include agricultural exchanges, which deal with crops and livestock; metal exchanges, focusing on precious and industrial metals; and energy exchanges, which trade in crude oil, natural gas, and other energy resources. Additionally, there are financial exchanges that trade in commodity-based financial instruments, such as futures and options. Each type serves distinct market needs and facilitates price discovery and risk management for participants.