3 days ago · Get all information on the commodity market. Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.

The meaning of COMMODITY is an economic good. How to use commodity in a sentence.

In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. [1][2][3]

Jun 27, 2024 · A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of …

COMMODITY definition: 1. a substance or product that can be traded, bought, or sold: 2. a valuable quality: 3. a…. Learn more.

Mar 25, 2025 · What Is a Commodity? A commodity is a base material, a raw good that can be traded for another. Traditional commodities are used to create other, more complex goods. …

May 12, 2021 · What Is a Commodity? A commodity is a raw material that is bought and sold but is interchangeable with other materials of the same type -- such as oranges or lumber. Companies that produce these goods sell them to the companies that will use them.

Apr 23, 2024 · A commodity is a basic good that is interchangeable with other goods of the same type.

Mar 21, 2025 · A commodity is an essential good or material used in commerce to produce and manufacture other goods or services. They are used as inputs in the manufacturing process …

Aug 16, 2024 · Commodities are undifferentiated products. They are distinct from branded products like cars, watches, or smartphones, which are generally identified by the company that makes them....