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Salt was a big commodity, obviously, for storing meat.
To be sure, some developing markets that are big commodity producers are benefiting from rising prices.
By contrast, the currencies that have lost the most are those of big commodity exporters.
"Parking is a very big commodity around here," said Carole B. Silverstein, a real estate broker.
"In a big, diverse world like health care, influence is a big commodity," Dr. Foreman said.
Many of the big commodity crops are dominated by one producer.
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That relationship has weakened thanks to demand growth in big commodity-intensive emerging economies.
A few big commodity-focused hedge funds have closed and several investment banks are getting out of the commodities business.
Despite big commodity-price falls this year oil is down by 50% the continent will probably grow by 5% in 2015 (and more in the following years).
ONE morning last month Louis Dreyfus, a big commodity-trading house, formally opened a new $10m storage depot in the Peruvian port of Callao.
The developing world, with big, commodity-rich companies and surplus savings looking for safe returns, is itself shopping in the West for everything from Treasury bonds to wax museums and steel plants.The abundance of petrodollars and hard-currency reserves is one reason why the world is awash with liquidity and long-term interest rates are low.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com