Do you want to start investing in the corn market and don’t know how? Well, with this post you will learn to use an API that will give you a hand!
Corn is a grassy cereal plant that is also a culinary grain. The cultivated crop is one of the most extensively spread food crops in the world, having originated in the Americas, specifically in Mexico. Corn is utilized as a cattle feed, human food, biofuel, and industrial raw material.
Corn is one of the most tradable grains in the world. Corn production worldwide is greater than any other cereal. Annually its production is 850 million tons. There are at least six types of corn. Among them are: dent corn, flint or Indian corn, popcorn, corn flour, sweet corn, corn in the pod. All these types of corn grains have their different uses, consumption, harvests and sales, so their production is usually based largely on the climates needed for their harvest, the type of soil suitable for the growth of the plant, among other factors that delay production.
Small countries like Switzerland have begun to produce coffee sustainably. They are local farmers from the northwest area of the country who have committed themselves to the environment and have begun to harvest different grains, including coffee, through composted soils and using all reusable products without agrochemicals that do not harm the ecosystem. In this way, they create an ecological product profitable enough to supply the regAlthough the countries that produce the most corn in the world are the United States, Brazil, China, Argentina and Ukraine, corn is a highly fertile grain that is easy to grow in any area suitable for agriculture.
In recent months, with the current war between Russia and Ukraine, the production of maize fell deplorably in Europe due to the fact that the production and export of maize went hand in hand with Ukraine. Because of this, small countries like Switzerland have had the opportunity to expand their local productions to more than just potatoes and vegetables. Currently, Switzerland has a production of 150 tons of corn per year, but it is expected that by the middle of this year, a more ambitious scenario will be created, such as producing more quantity and exporting to neighboring countries in order to take advantage of the economic crises in Europe and make a profit on it.
To keep abreast of currencies and the movement of corn on the market, producers use Commodities-API.
What Is Commodities-API?
Commodities-API is a free and open website that utilizes an API to receive real-time data in a variety of currencies on up to 170 different goods on the market.
The service receives data from financial institutions every 60 seconds and works with precision of two decimal places. Data and measurements from previous days, weeks, months, and years may then be accessed to get a competitive advantage in the market while investing.
How Is It Used?
It’s really simple to get started on the website for the first time; just follow these steps:
– Go to the website and create an account.
– Generate an API key
– Select a currency (CHF) and a commodity (CORN).
And that’s all there is to it!
Where Does The Information Come From?
Commodities-API obtains its data from fifteen highly dependable sources, such as banks and financial markets, which send data every minute.
For more details, go to the website.