Do you want to make an ethanol investment? Use this API to acquire the latest up-to-date pricing.
Ethanol fuel is an energy source made from ethyl alcohol, the same alcohol found in alcoholic beverages. It’s most commonly used as a biofuel additive for gasoline and as a motor fuel. Biomass, such as corn or sugarcane, is widely used to make ethanol.
Ethanol-blend fuel is widely used in Brazil, the United States, and Europe. Most cars on the road in the United States today can run on ethanol blends of up to 10%, which accounts for 10% of all gasoline sold in the country. Some flexible-fuel vehicles are capable of running on 100% ethanol.
As you can see, this product is primarily utilized by Americans, but it is also in high demand in other countries. As a result, a large number of people want to invest in this commodity. Nevertheless, getting income in the commodities business may be a very difficult challenge if you don’t possess the necessary tools.
For this reason, we highly suggest using an API, which is a software interface that acts as a link between two machines, allowing them to communicate and share data.
Why Commodities API?
Commodities-API is a piece of software that provides real-time ethanol statistics. It has the option of updating every 10 minutes or every 60 seconds. It also provides historical data, allowing you to look back on previous events and aiding in the planning of future actions.
Moreover, Commodities-API supports rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a variety of other commodities and currencies. With this method, you can acquire real-time data on a range of commodity rates. This strategy is used to conduct business in a range of industries and websites.
In addition, this software uses an API to get data from banks and the stock market, making it completely trustworthy. The data is subsequently supplied with a precision of two decimal places and can be transformed to JSON, PHP, or Python. Furthermore, Commodities-API encrypts your connection with bank-grade 256-bit SSL encryption.
Also, this API returns midpoint data, which is calculated by averaging the median bid and ask rates for a specified time period. For currency and commodity price conversions, the same API endpoints are utilized, and they can convert any amount from one currency to another, from one commodity to another, or from one quantity to another.
How does it work?
So, if you want to search Ethanol Updated Rates, you must follow these steps:
1- To get your own API key, go to www.commodities-API.com and sign in.
2- Look for the Ethanol and the appropriate currency symbols.
3- Make the API call once you’ve located both of them.
4- The application will provide a JSON response, which you may modify and utilize as needed.
Also published on Medium.