Do you want to start investing your money in agriculture? Make it in canola! Learn how to obtain data for your investments through this article where you will learn how to use an API for commodity data!
Canola is a three- to five-foot-tall crop that produces pods from which seeds are collected and crushed to make canola oil and meal. These plants also produce little yellow flowers that add to the aesthetic appeal of the setting.
Canola meal is made from the solid sections of the canola seed and is a good source of protein for dairy cows, cattle, poultry, and fish. Canola meal might also be used as a plant-based protein in human diets.
Canola seeds contain almost 45 percent oil, which is roughly twice the oil content of soybeans. Of all the popular vegetable oils, canola oil has the lowest saturated fat concentration. It’s a flexible choice for residential and commercial cooking thanks to its light texture, flavor, and high smoke point.
Canola has become one of the most valuable agricultural exports and a vital source of energy for most farmers and their equipment, including tractors, harvesters, and fertilizer spreaders. Canola is a new renewable biofuels energy source, and it is the most recent chance to increase biofuel output.
Canada is the world’s top canola producer. India, China, Australia, Russia, and the European Union are also big producers, however data on canola production is sometimes bundled with statistics on rapeseed output in non-North American nations. Due to this, some traders are looking forward to invest in Canola. For that, we recommend you to use Commodities-API.
What Is Commodities-API?
It’s a website that sells monetized data on coffee, cereals, and oils, among other things. It obtains them using an API, which takes less than a minute to set up after establishing agreements with financial institutions.
Is It Easy To Use The Platform?
Commodities-API has the benefit of being a very user-friendly website. To do so, take the following steps:
• Go to the website and create an account.
• Pick a currency and a trading product.
• From the dashboard, make an API request; the app will respond with an API response, and you’re good to go!
Is It Safe to Use?
Every minute, their API collects commodity pricing data from over 15 credible data sources. Two of the sources are banks and financial data suppliers. They also use bank-grade 256-bit SSL encryption to protect your connection. Thousands of developers, small enterprises, and large organizations utilize the Commodities-API on a daily basis. This API is the most popular site for commodity rates because of its credible data sources and more than six years of experience.
Is It Accurate?
The Commodities-API allows you access to data in whatever currency you choose, with two decimal point precision and over 170 possibilities. You can also get 60-second data updates and do 100.000 API requests every month.
Can I Have Access To Previous Data?
You may get data for days, weeks, months, and even years before August 2021 via the Commodities-API platform. To do so, choose “historical rates” from the drop-down box, then enter the date in digital format (YYYY-MM-DD) in the URL.