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soft commodities
plural noun
- nonmetal commodities such as cocoa, sugar, and grains, bought and sold on a futures market Also calledsofts
Example Sentences
With its economy five times the size of Ecuador and a reliance on soft commodities exports of soy, corn and wheat made more competitive by a weaker peso, the trick could prove harder to pull off in Argentina.
As a comparison, the most traded contract among the soft commodities, ICE's raw sugar, had over 435,000 lots in open interest.
Soft commodities analyst Judy Ganes, who was recently in Brazil with fellow analyst Shawn Hackett, estimated Brazil's arabica production at around 36 million bags, one of the smallest projections in the market.
“Never before have we seen two seasons of Arabica crops being impacted by the drought,” said Judy Ganes, a U.S.-based soft commodities analyst.
Futures contracts are particularly common for soft commodities like oranges and wheat which are vulnerable to sudden price rises due to bad harvests and natural disasters.
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