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Price of 397 Hundredweights Soybeanoil

397 Hundredweights of Soybeanoil is equal to
= $4135.15
397 hundredweights of soybeanoil = $4135.152
3970 hundredweights of soybeanoil = $41351.52
39700 hundredweights of soybeanoil = $413515.2
397000 hundredweights of soybeanoil = $4135152
More Price Conversion:
476 hundredweights of soybeanoil
952000 hundredweights of soybeanoil
2839393076 hundredweights of soybeanoil

*please enter quantity number, select a unit and the type of commodity goods, then click getPrice button.

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*The average price as of Mar 2024.
Source: markets.businessinsider.com

Average Commodity Price

Use this tool to find the average price of commodities.

What is a commodity?

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.