commodity āļāļ·āļāļāļ°āđāļĢ commodity āļāļ·āļāļāļ°āđāļĢ Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are a rare commodity in the big leaguesâ ( Steve Guiremand). An article of trade or commerce, especially an agricultural or mining product that can be processed and resold.Advantage; benefit.Obsolete A quantity of goods.