| 1. | an article of trade or commerce, esp. 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. |
Commodity
Any bulk good traded on an exchange or in the cash market.
Investopedia Commentary
Some examples include grain, oats, gold, oil, beef, silver, and natural gas.
Related Links
Futures Fundamentals
See also: Chicago Board of Trade (CBOT), Commodity Swap, Delivery Date, Futures, LEAPS, NYBOT, Position Trader
commodity