### Question
How does the law define loan commodity?


### Answer
Under *7 U.S.C. § 7202*, **loan commodity** is defined as:

> each contract commodity, extra long staple cotton, and oilseed

#### Citation:
  - *7 U.S.C. § 7202*
  - Heading: **CHAPTER 100-AGRICULTURAL MARKET TRANSITION > SUBCHAPTER I-SHORT TITLE, PURPOSE, AND DEFINITIONS**

