word of the day commodity com·mod·i·ty /kəˈmädədē/ Learn to pronounce noun noun: commodity ; plural noun: commodities a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. "commodities such as copper and coffee" Similar: item material type of produce product article object thing artifact piece of merchandise import export a useful or valuable thing, such as water or time. "water is a precious commodity" late Middle English: from Old French commodite or Latin commoditas , from commodus (see commodious ). Photography by: Ethan Medrano,Lipa Philippines