Furthermore, secured claims and administrative expense claims are paid ahead of unsecured claims. To make matters a bit more Â­confusing, Section 364(c)(1) provides that certain Â­super-priority claims are to be paid even Â­before administrative expense claims.
The market price of a commodity that is quoted in the news is often the market futures price for that respective commodity. As with equity securities, a commodities futures price is determined primarily by the supply and demand for the commodity in the market. For example, let's look at oil. If the supply of oil increases, the price of one barrel of oil will decrease.
Commodities are officially defined by the U.S. federal government by the 1936 Commodity Exchange Act. The Act covers trading in agricultural and natural resource commodities. Although the Act treats financial products like commodities, it doesn't consider them to be commodities. The Act also bans trade in onions as a commodity, as per the 1958 Public Law 85-839 (7 USC 13-1). Dealers on an open exchange trade commodities.