A brief, fun history on commodites
Sumer is thought to be the worldโs oldest civilization that traded commodities somewhere between 4500 and 4000 BC
The Amsterdam Stock Exchange in 1530 is often called the worldโs first stock exchange. However, before it was a stock exchange, it operated as a market for the exchange (we know this from Tulip Mania)
BUT earliest RECOGNIZED futures trading exchange is Dojima Rice Exchange, established in 1710 in Japan for the purpose of trading rice future. (You traders may recognize the doji name..candlestick patterns came from here)
TCP Petrochemical plant in Texas >>EXPLOSION, FIRE BURNING AT PORT NECHES PLANT EARLY WEDNESDAY 12newsnow.com/article/news/lโฆ
This site produces butadiene and raffinate. Combined production capacity for this facility is more than 900 million pounds per year.ย (both these chemicals are pretty nasty)
update:
EMERGENCY OFFICIALS GIVE AN UPDATE ON CHEMICAL MANUFACTURING PLANT EXPLOSION & FIRE IN PORT NECHES, TEXAS: โช๏ธ 3 PEOPLE INJURED, NOW RELEASED FROM HOSPITAL โช๏ธ PRIORITY IS FIRE CONTAINMENT, NOT TO EXTINGUISH IT โช๏ธ COAST GUARD & EPA ARE ASSISTING