NYMEX Crude Oil

Crude oil is the world's most actively traded commodity.  Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel.  Contract size is 1,000 barrels.  Quoted as US dollars per barrel.  Settlement type is physical.  Refer to the following link for full specifications:

Negotiated

Cash or spot market purchase by a producer of livestock to a packer under which the price for the livestock is determined by seller-buyer interaction.  The livestock are usually scheduled for delivery to the packer not more than 14 days after the date on which the livestock are committed to a packer.  However for slaughter cattle, delivery can be extended up to 30 days.[1]

Negotiated Grid

Agreement under which the base price for the livestock is determined by buyer-seller interaction.  The livestock are usually scheduled for delivery within 14 days.  The final net price will be determined after application of premiums and discounts to the net price.[1]