A click away from the commodities rates api that will change your business. Get Soybean meal prices now!
Commodities are tangible goods that can be bought and sold in large quantities in the market. Commodities include food, fuel, machinery and transportation equipment. The market of commodities is expanding so rapidly because they are essential to improving the quality of life.
Commodities & Soybean
Soybean is a very important crop in the world. It plays vital roles as a source of protein and oil, in addition to being an important oilseed and animal feed.In 1995, there were more than 400 million tons produced worldwide which has increased by approximately 15% each year till now. The major producers countries are Brazil, Argentina, USA, China and India.
The people in the world who need soybean are farmers and producers, especially those who grow food crops. The soybean is a crop whose seeds can be sold as oil or crushed for use in cooking. The value of these products means that growing soybeans may be very important for farmers who depend on them for their income.
About The Market of Commodities
The International Commodity Exchange is where commodities and futures contracts are traded. There are a growing number of commodity exchanges around the world which enable producers to trade their goods, thus increasing the efficiency of markets and reducing prices for consumers.
Commodities are goods that can be traded on the free market. Commodities are produced in large quantities and traded worldwide. The main difference between a commodity and a product is that a commodity does not have a brand name or logo, while a product does. Other examples of commodities include crude oil, corn and others.
Soybean in the World:
The market of soybean in the world is very important because it is used as a food source for both people and animals. It is also used in many other ways like for biodiesel production and as furfural which is an important chemical for fertilizer, plastics and ink manufacturing.
Commodities API: Facts
If you want to buy prices on the spot market, you should go to a commodity exchange. However, not all commodity exchanges offer all commodities, some specialize in metals, some in agriculture or grains, some in fuels. For this reason, we recommend that you use the Commodities API service, which contains spot prices of all commodities on the market. In the next section we will explain more about this API.
Commodities API, as the name suggests, is an API (short for Application Programming Interface) and describes an interface that allows communication between two programs or systems of different types.
Thanks to this API, you can get spot price information from more than 15 reliable data sources, such as financial institutions and banks, which confirm the reliability of the information.
All spot data is provided in real time with an accuracy of 2 decimal places and a frequency of up to 60 seconds. Capabilities include the provision of exchange rates for almost all commodities and precious metals, conversion of individual currencies, return of time series data and fluctuation data.
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