Commodity markets are global marketplaces where raw materials or primary agricultural products are bought and sold. These physical assets are vital inputs for industries and consumed daily by populations, making their prices highly sensitive to supply and demand dynamics, geopolitical events, and economic cycles. Commodities are generally categorized into: Energy (e.g., crude oil, natural gas), Metals (e.g., gold, silver, copper, platinum), Agricultural Products (e.g., wheat, corn, soybeans, coffee), and Livestock (e.g., live cattle, lean hogs). Most commodity trading occurs through futures and options contracts on specialized exchanges like the CME Group (which includes NYMEX and COMEX) and ICE. Participants include producers (hedging against price drops), consumers (hedging against price increases), and speculators (profiting from price movements). Commodity prices often serve as leading economic indicators. While offering diversification benefits and potential inflation hedging, commodity markets are known for their high volatility and unique price drivers, requiring a distinct understanding compared to traditional financial assets.