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Commodity oil markets and how they work
Author(s) -
Doak Thomas E.
Publication year - 1978
Publication title -
journal of the american oil chemists' society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.512
H-Index - 117
eISSN - 1558-9331
pISSN - 0003-021X
DOI - 10.1007/bf02678983
Subject(s) - commodity , palm oil , coconut oil , work (physics) , commerce , economics , business , commodity chemicals , simple (philosophy) , market economy , agricultural science , environmental science , engineering , chemistry , food science , mechanical engineering , biochemistry , philosophy , epistemology , catalysis
Basic steps in the operation of commodity oil markets are described, from relatively simple markets (palm, coconut, and corn) through the sophisticated soybean oil market that affects prices of fats and oils worldwide. Also discussed are basic trading and economic functions provided by changing prices.