J. Hector St. Jean de Crevecoeur's "Letters from an American Farmer"

commodity

Definition (n)

1an economic good: such as
aa product of agriculture or mining
ban article of commerce especially when delivered for shipment
ca mass-produced unspecialized product
2asomething useful or valued
bCONVENIENCEADVANTAGE
3a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price
4one that is subject to ready exchange or exploitation within a market

Source