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Commodity - Wikipedia Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat Commodities can also be mass-produced unspecialized products such as chemicals and computer memory Popular commodities include crude oil, corn, and gold
What is a Commodity? An Economic and Market Perspective 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 demand, a commodity can be anything from oil and gold to wheat and coffee
What is a commodity? - StoneX A commodity is a raw material or primary agricultural product used to produce other goods Unlike branded products, commodities are standardized and undifferentiated, which means their quality and characteristics are largely the same regardless of where they’re produced
COMMODITY definition and meaning | Collins English Dictionary A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar The corporation provided $150 million to finance the exports of various commodities and food goods including cotton and tobacco