Soft commodities is the financial term used for all commodities that are either grown or raised in relation to agriculture. This includes things like corn, soy beans, wheat, live cattle, pork bellies, cotton, cocoa, sugar, and many other things. The best-known marketplaces for soft commodities futures contracts are found in Chicago, with the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE).
ASIC-regulated forex brokers, however, do not generally offer soft commodities as futures contracts, but instead as contracts-for-difference (CFDs), which track the price of futures that are traded on these marketplaces. It is, in other words, the big actors in the futures markets that establish the prices that CFD traders at forex brokers try to speculate on.