"a glut of commodities" is correct and can be used in written English.
It is used to describe an excess or overabundance of something. For example, "The recent economic downturn caused a glut of commodities on the market."
As Morgan charts in his report, The Great Resource Price Shock, for 20 years the west enjoyed an unprecedented glut of commodities and with it ultra-low prices – a period known as the great moderation.
Defying a global glut of commodity beans, a group of 120 farmers on the Gold Coast have been quietly developing a specialty niche Down Under.
Faced with plummeting commodity prices and a glut of sugar on top of the disappearance of its Soviet subsidies, the Cuban government has closed about half of its sugar mills.
The Fund said inflation had moved sideways in most countries, but noted that the renewed declines in commodity prices and a glut of cheap manufactured goods meant further downward pressure on the cost of living was now in prospect.
Moreover, OPEC members fear that yet another increase, in response to constant pressure from importing countries, like the United States, would lead to a glut of petroleum early next year and set off a steep drop in the commodity price of oil.
It was another bad day for miners' share prices, hit by a falling copper price (again), Opec's report of a glut of oil and an 84% drop in quarterly profit at Noble Group, Asia's biggest commodity trader.
But they will be a source of disinflationary pressure: via cheaper commodity prices, a stronger dollar, and the heavy downward pressure on wages that comes from a glut of available labour around the world.Neither has inflation shown any tendency to trend toward 2% over the course of the recovery.
Expect a glut of mommy porn.
India has a glut of skilled workers.
