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 …

3 days ago · Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table …

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

Sep 19, 2025 · Commodities are traded on commodity exchanges and serve as the underlying investment for commodities futures and options contracts.

Aug 26, 2025 · A commodity is more than just a raw material—it is a cornerstone of global trade, economics, and financial markets. Defined by its fungibility, standardisation, and universal …

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

Find out what defines a commodity, what types of commodities there are, and what factors determine global commodity supply and demand.

Jul 16, 2025 · Commodities are a vital part of the global economy and are essential in the production of goods and services. The term "commodities" refers to raw materials such as …

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. …