The floor of the Chicago Board of Trade, a major commodities exchange in the United States.

A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery).

A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date. A farmer raising corn can sell a futures contract on his corn, which will not be harvested for several months, and gets a guarantee of the price he will be paid when he delivers; a breakfast cereal producer buys the contract and gets a guarantee that the price will not go up when it is delivered. This protects the farmer from price drops and the buyer from price rises. Speculators and investors also buy and sell these contracts to try to make a profit; they provide liquidity to the system.

Some of these exchanges also trade financial derivatives, such as interest rate and foreign exchange futures, as well as other instruments such as ocean freight contracts and environmental instruments. In some cases these are mentioned in the lists below.

Major commodity exchanges

See List of futures exchanges#Major derivatives exchanges.

Commodities exchanges across the world

Main commodity exchanges worldwide:

Africa

GroupNameAbbreviationCityCommodity types
Ghana Commodity Exchange[full citation needed]GCXAccra, GhanaAgricultural
Africa Mercantile Exchange[citation needed]AfMXNairobi, KenyaAgricultural, Energy
Egyptian Commodities ExchangeEGYCOMEXCairo, EgyptAgricultural, Energy
Nairobi Coffee ExchangeNCENairobi, KenyaCoffee
Ethiopia Commodity ExchangeECXAddis Ababa, EthiopiaAgricultural
Mercantile Exchange of MadagascarMEXAntananarivo, MadagascarAgricultural, Metals, Energy
East Africa ExchangeEAXKigali, RwandaAgricultural
Agricultural Commodity Exchange for Africa[full citation needed]ACELilongwe, MalawiAgricultural
Auction Holding Commodity ExchangeAHCXLilongwe, MalawiAgricultural
Bourse Africa (previously GBOT)Ebene City, MauritiusMetals, Forex
JSE LimitedSouth African Futures ExchangeJSESandton, South AfricaAgricultural
Nigeria Commodity Exchange[citation needed]NCXAbuja, NigeriaAgricultural products
Lagos Commodities and Futures Exchange[citation needed]LCFELagos, NigeriaAgricultural products, Oil and Gas, Currency, Solid Minerals
AFEX Commodities Exchange LimitedAFEX NigeriaAbuja, NigeriaAgricultural products
Zimbabwe Mercantile ExchangeZMXHarare, ZimbabweAgricultural commodities
Tanzania Mercantile ExchangeTMXDar es salaam, TanzaniaAgricultural commodities, Solid Minerals

Americas

GroupExchangeAbbreviationLocationProduct Types
AmercanexDenver, United StatesCannabis
Brazilian Mercantile and Futures ExchangeBMFSão Paulo, BrazilAgricultural, Biofuels,
CME GroupChicago Board of TradeCBOTChicago, United StatesGrains, Ethanol, Treasuries, equity index, Metals
Chicago Mercantile ExchangeCMEChicago, United StatesMeats, Currencies, Eurodollars, equity index, interest rate future
New York Mercantile ExchangeNYMEXNew York, United StatesEnergy, Precious Metals, Industrial Metals
Kansas City Board of TradeKCBTKansas City, United StatesAgricultural
Chicago Climate ExchangeCCXChicago, United StatesEmissions
Flett ExchangeJersey City, United StatesEnvironmental
HedgeStreet ExchangeCalifornia, United StatesEnergy, industrial Metals
HoustonStreet Exchange[citation needed]New Hampshire, United StatesCrude Oil, Distillates
ICEIntercontinental ExchangeICEAtlanta, United StatesEnergy, Emissions, Agricultural, Biofuels
LedgerX[citation needed]LXNew York, United StatesDigital Assets
Memphis Cotton ExchangeMemphis, United StatesAgricultural
MATba Rofex[citation needed]MATba RofexArgentinaFinancial and Agricultural
Miami International HoldingsMinneapolis Grain ExchangeMGEXMinneapolis, United StatesAgricultural
Nadex ExchangeChicago, United StatesEnergy, Industrial Metals
Nodal Exchange[citation needed]NodalVirginia, United StatesEnergy, Power, Environmental
Sioux City Grain ExchangeSCGXSioux City, United StatesAgricultural
U.S. Futures ExchangeUSFEChicago, United StatesEnergy
Winnipeg Commodity ExchangeICEManitoba, CanadaAgricultural

Asia

GroupNameAbbreviationLocationProduct Types
Bombay Stock ExchangeBSEIndiaBase metal, agricultural, energy, precious metals
Manila Commodity ExchangeMCXManila, PhilippinesBase metals, agricultural, energy, and currencies
International Commodity Exchange KazakhstanAlmaty, KazakhstanIndustrial and Mineral Products, Oil by-products and petrochemicals, Agricultural
Agricultural Futures Exchange of ThailandAFETBangkok, ThailandAgricultural
Bangla Mercantile Exchange
Bursa MalaysiaMDEXMalaysiaBiofuels
Cambodian Mercantile ExchangeCMEXPhnom Penh, CambodiaEnergy, Industrial Metals, Rubber, Precious Metals, Agricultural
Chittagong Tea AuctionChittagong, BangladeshTea
Dalian Commodity ExchangeDCEDalian, ChinaAgricultural, Plastics, Energy
Dubai Mercantile ExchangeDMEDubai, United Arab EmiratesEnergy
Dubai Gold & Commodities ExchangeDGCXDubai, United Arab EmiratesPrecious Metals
Hong Kong Mercantile ExchangeHKMExHong KongGold, Silver
ICE Futures Abu DhabiIFADAbu Dhabi, United Arab EmiratesMurban oil futures
Indonesia Commodity and Derivatives ExchangeICDXJakarta, IndonesiaAgricultural, Base Metals, Financial Products
Iran Energy ExchangeIRENEXTehran, IranAll energy carriers such as crude oil, petroleum products, electricity, coal
Iran Mercantile ExchangeIMETehran, IranIndustrial and Mineral Products, Oil by-products and Petrochemicals, Agricultural
İzmir Commodity ExchangeICEİzmir, TurkeyAgricultural
Jakarta Futures ExchangeJFXJakarta, IndonesiaCocoa, Coffee, Precious Metals, Olein, CPO[clarification needed], Coal, Tea, Rubber
Japan Exchange GroupOsaka ExchangeXOSEOsaka, JapanFinancials, Precious Metals, Rubber, Agricultural
Tokyo Commodity ExchangeTOCOMTokyo, JapanEnergy
Osaka Dojima ExchangeXKACOsaka, JapanAgricultural, Raw sugar, Precious metals
Commodities & Metal Exchange Nepal Ltd.COMENNepalGold, Silver
National Spot Exchange Limited[NSEL]Mumbai, India
Nepal Derivative Exchange Limited[NDEX]Kathmandu, NepalAgricultural, Precious Metals, Base Metals, Energy
Derivative and Commodity Exchange Nepal Ltd.DCXKathmandu, NepalAgricultural, Bullion, Base Metals, Energy
MEX NepalMEXKathmandu, NepalAgricultural, Bullion, Base Metals, Energy
Nepal Spot Exchange LimitedNSEKathmandu, NepalAgricultural, Bullion
Indian Commodity Exchange LimitedICEXIndiaEnergy, Precious Metals, Base Metals, Agricultural
Multi Commodity ExchangeMCXIndiaPrecious Metals, Base Metals, Energy, Agricultural
National Commodity and Derivatives ExchangeNCDEXIndiaPrecious Metals, Base Metals, Energy, Agricultural
National Multi-Commodity Exchange of India LtdNMCEIndiaPrecious Metals, Base Metals, Agricultural
Chamber of Commerce, HapurCOCIndiaAgricultural
Ace Derivatives & Commodity Exchange Ltd.ACEIndiaAgricultural
Bhatinda Om & Oil Exchange Ltd.BOOEIndiaAgricultural
Universal Commodity ExchangeUCXIndiaAgricultural, Energy, Precious Metals
Pakistan Mercantile ExchangePMEXPakistanPrecious Metals, Agricultural, Energy, Interest rate futures, currencies, Metals
Shanghai Futures ExchangeSHFEShanghai, ChinaIndustrial metals, Gold, Petrochemicals, Rubber, Base metals
Shanghai International Energy ExchangeINEShanghai, ChinaEnergy, rubber, metal
Shanghai Gold ExchangeShanghai, ChinaPrecious Metals
SGX GroupSingapore Commodity ExchangeSICOMSingaporeAgricultural, Rubber
Asia Pacific ExchangeAPEXSingaporeFinancials, Agricultural, Energy
ACX (AirCarbon Exchange)ACXSingaporeCarbon offset
Uzbek Commodity ExchangeUZEXTashkent, UzbekistanMetals, crude oil products, chemicals, base oils, LPG and polyethylene, sugar, agricultural, etc.
Zhengzhou Commodity ExchangeCZCEZhengzhou, ChinaAgricultural, PTA
Mercantile Exchange of VietnamVNXHanoi, VietnamCoffee, Rubber, Steel
Buôn Ma Thuột Coffee Exchange CenterBCECBuôn Ma Thuột, VietnamCoffee
Mongolian Commodity ExchangeMCEUlaanbaatar, MongoliaThere are 21 types of raw materials of 6 group commodities traded on the market: "Cashmere, Wool, Livestock, Grain, Meat, Leather"

Europe

GroupExchangeAbbreviationLocationProduct TypesLife Time
APX-ENDEXAPX-ENDEXAmsterdam, NetherlandsEnergy
Trieste Commodity ExchangeBMTSTrieste, ItalyAgricultural
Commodity Exchange Bratislava, JSCCEBBratislava, SlovakiaEmissions, Agricultural, Diamonds
ClimexCLIMEXAmsterdam, NetherlandsEmissions
Deutsche BörseEurex ExchangeEUREXFrankfurt, GermanyAgricultural, Metals, ETCs, Commodities Index
European Energy ExchangeEEXLeipzig, GermanyPower, Natural Gas, Emissions, Coal
ICEEuropean Climate ExchangeECXLondon, United KingdomEmissionsfounded in 2005, acquired by ICE in 2010 and merged into ICE Futures Europe
London Commodity ExchangeLCELondon, United KingdomAgriculturalMerged into LIFFE in 1996
Energy Exchange AustriaEXAAVienna, AustriaEnergy, Emissions
Commodities Investment ExchangeCOINVEXLondon, EnglandOil & Gas, Mining, Renewable Energy
Integrated Nano-Science & Commodity ExchangeINSCXUnited KingdomNanomaterials
Nasdaq, Inc.Nasdaq CommoditiesOslo, NorwayPower, Natural Gas, Emissions, Freight, Iron Ore
EuronextNord Pool SpotOslo, NorwayPower, EnergyAcquired by Euronext in 2020
EuronextEuropeAgricultural
Hong Kong Exchanges and ClearingLondon Metal ExchangeLMELondon, United KingdomIndustrial Metals, Plastics (Delisted in 2011)
Power Exchange Centra EuropePXEPrague, Czech RepublicPower
Belarusian Universal Commodity ExchangeBUCEMinsk, BelarusMetals, Agricultural, Timber, Industrial and consumer goods
Saint-Petersburg International Mercantile ExchangeSPIMEXMoscow, RussiaCrude oil, Petrochemicals, Natural gas, Metals, Agricultural, Timber
Moscow Energy ExchangeMOSENEXMoscow, RussiaEnergyClosed since March 2017
Iberian Energy ExchangeOMIE-OMIPLisbonMadrid, Portugal–SpainPower, Energy
Bursa Română de MărfuriBRMBucharest-RomaniaElectric power, Natural gas, CO2 Emission Allowances, Petroleum products, Construction materials

Oceania

GroupExchangeAbbreviationLocationProduct Types
ASXAustralian Securities ExchangeASXSydney, AustraliaAgricultural, Energy, Interest Rate Future
ABX GlobalABXBrisbane, AustraliaPrecious Metals
CBL MarketsCBLSydney, AustraliaEnergy, Emissions, Environmental

See also