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The phrase "and the only commodity" is correct and usable in written English.
It can be used when emphasizing that something is the sole item of value or interest in a particular context.
Example: "In this market, time is and the only commodity that truly matters."
Alternatives: "the sole resource" or "the exclusive asset".
Exact(3)
Money is worthless and the only commodity of any value is food which is in very short supply.
Time is the ultimate equalizer and the only commodity worth fighting for — you can always make more money.
Demand for lithium -- the hottest commodity on the planet and the only commodity to show positive price movement in 2015 -- is poised to continue on its upward trajectory, becoming the world's new gasoline and earning the moniker of "White Petroleum".
Similar(57)
And in an attention-scarce world, the only commodity that's more precious is time.
While other commodities like oil and copper also guard against inflation and may have more room to grow, gold is the only commodity to offer additional protection against deflation.
For women in the region's refugee camps, the desperate need to feed themselves and their children has left many forced to sell the only commodity they have left to trade – their body.
Gold, they said, "is the only commodity held down to a price established 31 years ago and compelled to sell only to the imposer of this strangling restriction the Federal government".
Actors, real and hypothetical, can be found by the liter at Cannes; they're probably the only commodity more abundant than rose, the pinkish wine that replaces water as the gathering's go-to liquid.
In Marx's analysis labour power is the only commodity which can produce more value than it is worth, and for this reason it is known as variable capital.
When compared to the average price of gold and the S&P 500's returns, the study found that the luxury handbags were the only commodity to consistently increase in value year after year.
But legislation is not the only commodity.
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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