What is commodity curve market price in SAP LO-AGR - SAP Agricultural Contract Management?

SAP Term: commodity curve market price

• Component: LO-AGR

• Component Name: SAP Agricultural Contract Management

• Description: A condition type in a document that defines the price based only on the commodity curve.

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• Key Concepts: 
  Commodity Curve Market Price is a feature of the LO-AGR SAP Agricultural Contract Management component. It allows users to define a curve of market prices for a specific commodity over a period of time. This curve can be used to calculate the expected market price for a given date, allowing users to make more informed decisions when entering into contracts. 
  
  How to use it: 
  To use the Commodity Curve Market Price feature, users must first define the curve of market prices for the desired commodity. This can be done by entering the market price for each day in the period of time that is being considered. Once the curve has been defined, users can then use it to calculate the expected market price for any given date within that period. 
  
  Tips & Tricks: 
  When defining the curve of market prices, it is important to ensure that all relevant data points are included. This will ensure that the calculated market price is as accurate as possible. Additionally, users should consider using historical data when defining their curves in order to ensure that their calculations are based on real-world conditions. 
  
  Related Information: 
  The Commodity Curve Market Price feature is part of the LO-AGR SAP Agricultural Contract Management component. This component also includes features such as contract management, pricing and invoicing, and inventory management. Additionally, this component can be integrated with other SAP components such as FI-CA and SD-MD to provide a comprehensive solution for agricultural contract management.