the.com/commodities
The raw, interchangeable stuff of life — where one barrel of oil equals any other.
means Basic goods like oil, gold, wheat, and copper, traded in bulk where every unit is essentially identical.
from From Latin commoditas, meaning convenience or advantage — a thing useful and fit for purpose.
Fungibility ruleAny unit swaps for another, no questions asked.
Tulip warningThe 1600s tulip mania was a commodity bubble.
Two flavorsHard ones get mined, soft ones get grown.