Do you need an ethanol API that gives you hourly rates? Check this one!
Ethanol fuel is a type of energy obtained from ethyl alcohol, which is also present in alcoholic beverages. It is most commonly used as both a biofuel additive for gasoline and a motor fuel. In the manufacturing of ethanol, biomass such as maize or sugarcane is usually used.
It is a commonly used and manufactured commodity in Brazil, Europe, and the United States. Most automobiles on the road now in the United States can operate on up to 10% ethanol blends, accounting for 10% of all gasoline sold in the country. Some flexible-fuel vehicles can operate solely on ethanol.
So, if you want to go into the ethanol investing industry, you’ll need to keep up with its rates virtually every hour. This may be difficult because it is a fast-paced sector, but it is not impossible to attain. We strongly advise you to use an API for this.
What Exactly Is An API?
This is a type of technology that is used all over the globe to provide information about anything you want to know by linking two computers or programs and allowing them to interact. When you submit a request to an API, you will receive an immediate answer. This is utilized for a variety of purposes and can be critical in maintaining the growth of your investments.
To utilize this, you’ll need to locate software that allows you to access the API every hour. There are a number of them available online, but you should be cautious about which one you select because not all of them function in the same manner or get the same result.
We strongly advise you to utilize Commodities-API, one of the most valuable commodities rate tools available, to help you save time and money. This API gets price data from over 15 trustworthy data sources, including banks and financial data, every minute.
To utilize it, go to www.commodities-API.com and click on Get Started. Following that, you will be issued your own API key. Look for ethanol as well as your preferred monetary symbols and, using these symbols, locate the commodity and money in the list. After you’ve settled on them, make the API call.
The website will provide an API in a variety of computer languages that you may change, use, and adapt as required.
The end request will look like this:
{
"success": true,
"timestamp": 1519296206,
"base": "ETHANOL",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
More Information about This API
Commodities-API can provide real-time commodity data with a 2 decimal point precision and a frequency of up to 60 seconds. Exchange rates for practically any commodity, Precious Metals, converting single currencies, Time-Series data, and volatility data are all available.
Rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a wide range of other commodities are all supported. This API can give precise commodities and exchange rate data for almost any commodity, as well as 170 foreign currencies, including Bitcoin and other major cryptocurrencies.
Check Use An API To Get Ethanol Historical Rates
Also published on Medium.