Commodity Cash

Excluding currencies, the average daily trading volume on the active front-month (most current) contract for the world’s most traded single commodity is $31.1, billion/day or $8.1 trillion/year, (one-third of US GDP) for WTI (West Texas Intermediate) crude oil. In close second at $29.5 billion/day, or $7.7 trillion/year is gold, followed at $21.6 billion/day or $5.6 billion/year is Brent crude oil. At $9.6 billion/day or $2.5 trillion/year is Dalian iron ore.