What is an agricultural commodity?

An agricultural commodity is a basic agricultural product that is typically grown or harvested for sale and trade. These commodities include items such as grains (like wheat and corn), fruits, vegetables, livestock, and dairy products. They are usually standardized in quality and quantity, allowing them to be bought and sold in bulk on commodity markets. The prices of these commodities can fluctuate based on supply and demand dynamics, weather conditions, and global market trends.