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The phrase "a commodity" is correct and usable in written English.
It can be used when referring to a basic good used in commerce that is interchangeable with other goods of the same type.
Example: "Gold is often considered a commodity due to its universal value and demand in various markets."
Alternatives: "a product" or "a good".
Exact(58)
A commodity is substitutable.
Journalism is a commodity.
Simple security is a commodity.
They are a commodity.
I'm a commodity".
Syringes are a commodity.
"It's a commodity market".
"It's just a commodity.
The men realized they had a commodity.
"It's a commodity business," he said.
Knowledge is a commodity available to anyone.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com