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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Friday, August 15, 2008
OBSNews.com Reports on Former Treasurer of the United States, Rosario Marin, to Address Sacramento Hispanic Chamber of Commerce Procurement & Job Fair on August 19th
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SACRAMENTO, Calif., Aug 15, 2008 /PRNewswire via COMTEX/ ----OBSNews.com -- Former Treasurer of the United States and current California Secretary of the State and Consumer Services Agency, Rosario Marin, will address the area's small businesses at the Sacramento Hispanic Chamber of Commerce's Procurement & Job Fair on August 19th at 12:30pm at the Radisson Hotel.
With over 200,000 state workers soon facing minimum-wage checks, The Procurement & Job Fair will be a vital chance for many people now looking for new careers and expanded business opportunities.
"We are honored and excited to have Secretary Marin address the audience at this year's Procurement & Job Fair. As a strong and faithful advocate for the Hispanic business community in California she will offer insight on ways we can work together in these challenging economic times," said Diana Borroel, SHCC President. "Following her address, attendees can network with top companies offering procurement and career opportunities all over the region."
The Procurement and Job Fair's purpose is two-fold. Small businesses will use the event as an avenue for contracting opportunities with area companies such as SMUD, Walmart, City of Sacramento, Department of General Service, U.S. Small Business Administration, The Federal Technology Center and many others. Bilingual employees seeking jobs with local and national corporations will also visit the fair for valuable on-site interview opportunities.
"I'm honored and excited to visit with all the wonderful business men and women at the SHCC fair," said Rosario Marin. "The Governor gave me a goal of ensuring that at least 25 percent of all state contracts go to small businesses and I intend to exceed it year after year by encouraging these talented business people to get registered and take advantage of these fabulous networking opportunities."
The SHCC's Procurement & Job Fair will be held on August 19 from Noon to 5:00pm at the Radisson Hotel in Sacramento. Cost is free for attendees. For more information about attending the fair, call Celia at (916) 486-7700 or visit sachcc.org.
This news was distributed by http://www.OBSNews.com
Manny Fernandez OBSNews.com 916-442-2202
SOURCE OBSNews.com
http://www.obsnews.com
Copyright (C) 2008 PR Newswire. All rights reserved
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