commodity prices

Definition

Prices associated with the purchase of a commodity. These commodities may be priced based on weight, or in the case of oil, by barrel.

Use commodity prices in a sentence

You should always be checking out the commodity prices so that you know exactly when the time is right to strike.

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The recent decrease in oil and natural gas prices has had a similar effect on other commodity prices which are now trading at recent lows.

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The commodity prices for corn were at an all-time high and he was very grateful that there had been such an outstanding harvest this year.

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Commodity Selection Index (CSI) soil bank