ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Soft commodities, or softs, are commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit and livestock. The term generally refers to commodities that are grown, rather than mined; the latter (such as oil, copper and gold) are known as hard commodities.

Detailed explanation-2: -Soft commodities represent some of the oldest types of futures known to have been actively traded. This group of agricultural products may include products such as soybeans, cocoa, coffee, cotton, sugar, rice, and wheat, as well as all manner of livestock.

Detailed explanation-3: -Commodities that are traded are typically sorted into four categories broad categories: metal, energy, livestock and meat, and agricultural.

Detailed explanation-4: -Types of Commodities Since there are so many commodities, they are grouped into three major categories: agriculture, energy, and metals.