Commodity groups are set-up as part of an Agiblocks initial system configuration. If using Ratios, a Commodity group configuration must be made. A commodity group has a name and description.
When entering a commodity, select a commodity group from a drop-down list. This required field is blank by default:
The use of Ratios can be enabled under the Commodity in Master data:
The option Use differentials is selected by default and define if a premium/discount should be used for calculating the final contract price. This will display a "Premium or discount" field when entering contract delivery line information.
If the Preferred option is ticked, this item will show at the top of its drop-down selection box. See the section on Commodity Properties and for more information on Commodities.