The Probert Encyclopaedia of Money

COMMODITY

In business a commodity is a raw material, such as grain, coffee, cocoa, wool, cotton, jute, or rubber (sometimes known as soft commodities), that is traded on a commodity market. In some contexts these raw materials are referred to as produce. In economics a commodity is a good regarded as the basis of production and exchange. A commodity in this sense is characterized by its physical attributes and where and when it is available.
Research Commodity