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Definition

<p style="text-align: justify;">A product of <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">agriculture</span> such a maize, animals and animal products, soya beans, wheat and so on. This is as opposed to hard commodities which are the product of <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">mining</span> such as <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">precious metals</span>, and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">base metals</span> and minerals. So <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">gold</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">platinum</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">chrome</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">iron</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">manganese</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">coal</span> and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">nickel</span> are all hard commodities.</p>