commodity

American  

[kuh-mod-i-tee] / kəˈmɒd ɪ ti /

noun

plural

commodities

1. an article of trade or commerce, especially a product as distinguished from a service.

2. something of use, advantage, or value.

3. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.

4. Obsolete. a quantity of goods.

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commodity British  

/ kəˈmɒdɪtɪ /

noun

1. an article of commerce

2. something of use, advantage, or profit

3. economics an exchangeable unit of economic wealth, esp a primary product or raw material

4. obsolete

   1. a quantity of goods

   2. convenience or expediency

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commodity Cultural  

1. Any product manufactured or grown.

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Other Word Forms

• noncommodity adjective

Etymology

Origin of commodity

First recorded in 1375–1425; late Middle English commodite, from Anglo-French, from Latin commoditās “timeliness, convenience,” equivalent to commod(us) ( commode ) + -itās -ity

Example Sentences

David Oxley, chief climate and commodities economist at Capital Economics, however, says while tight supplies will keep prices elevated over the near term, fading China demand into 2026 could trigger a broader pullback.

From Barron's

There is a lot of metallurgical whataboutism that goes on in commodities forecasting.

From Barron's

A lack of pricing power and commodity volatility will continue to be hindrances for many of these stocks.

From Barron's

A lack of pricing power and commodity volatility will continue to be hindrances for many of these stocks.

From Barron's

The energy market hit a rare milestone in 2025: For the first time this century, oil stocks rose in a year when the price of the commodity was down more than 10%.

From Barron's

Related Words

• asset
• goods
• material
• produce
• product
• property
• stock