Sugar, alcohol and tobacco, economist Adam Smith once wrote, are commodities which are nowhere necessaries of life, which have become objects of almost universal consumption, and which are, therefore, extremely popular subjects of taxation.

Consumers will spend their savings from cheap oil on other commodities.

It has resulted in a free fall of the prices of commodities.

The rising tide of trade is also good news for people who work in trade-sensitive businesses, especially those that produce commodities for which global demand sets the price?–?agricultural goods, mining, metals, oil.

In the grass fed system, farmers are also not subject to the wildly fluctuating milk prices of the international commodity market.