Commodity market may include interest rates, environmental instruments, swaps, or freight contracts. Source: International Trade Centre Energy commodities include crude oil particularly West Texas Intermediate (WTI) crude oil and Brent crude oil, natural gas, heating oil, ethanol and purified terephthalic acid. Hedging is a common practice for these commodities. For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world’s most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside
Value-added wood products in Ontario Value-added wood products in Ontario Value-added wood products in Ontario are the result of combining commodity level products and innovation. Essentially, producing value-added wood products means taking raw materials and turning it into something useful. For example: engineered wood, millwork, cabinets, furniture, tongue depressors or popsicle sticks, just to name a few. Additional processing of a commodity wood product by manufacturers creates a specialty product whose value is more than the original product. These value-added products become part of the secondary sector of our economy. The province’s forest industry is supported mainly by the Northern Ontario boreal forest. These are