Commodity

Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. They are typically raw materials or agricultural products like oil, gold, wheat, or coffee. These goods are traded on commodity exchanges where their price is determined by supply and demand.
Commodities can be categorized into hard commodities (mined or extracted, like metals and energy) and soft commodities (grown or raised, like agricultural products).
Their uniform nature means one unit is essentially the same as any other (fungible), making them suitable for bulk trading.