commodity

Related Terms
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.
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Some stock traders deal primarily with safe bets like natural resourse stocks because of the stable price range of that commodity
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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."
- Warren Buffett