A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are frequently utilized as inputs in the manufacture of other commodities or services. Thus, a commodity is typically defined as raw materials used in the production of completed items. A product, on the other hand, is the finished item that is sold to customers Hard commodities refer to energy and metals products while soft commodities are often agricultural goods. Hard commodities are usually classified as those that are mined or extracted from the earth. These can include metals, ore, and petroleum (energy) products. Soft commodities instead refer to those that are grown, such as agricultural products. These include wheat, cotton, coffee, sugar, and soybeans, among others. ...