A reasonably interchangeable good or material, bought and sold freely as an article of commerce. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity exchange or spot market.
Use 'commodity' in a Sentence
In Iowa, corn is a commodity that is widely produced, especially when growing conditions are optimal, and is even exported to other countries.
Some stock traders deal primarily with safe bets like natural resourse stocks because of the stable price range of that commodity
In Iowa, corn is a very hot commodity that is widely produced, especially when growing conditions are optimal, and is even exported to supply the food source in other countries.
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Notable Quotable
The Intelligence Behind Businesses Competing with Commodities
"In a business selling a commodity-type product, it's impossible to be a lot smarter than your dumbest competitor."