A commodity is defined as: A material or item that can be bought, sold, or exchanged. These elements or items are, without a doubt, raw materials for the goods and services we use on a daily basis. These materials can also be classified into groups like agricultural, energy, metals, and…
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At room temperature, oil is any nonpolar chemical compound that is a viscous liquid. Oils are combustible and surface-active due to their high carbon and hydrogen content. Oils can be animal, vegetable, or petrochemical in origin, and they can be volatile or non-volatile. They are used for food, fuel, medicine,…
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Sugar is one of the world’s most significant commodities since it is the primary carbohydrate in the majority of sweet meals. Sugar is present in the tissues of most plants; it is used for sweetening and comes in a variety of forms. Due to strong demand, its output grew by…
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Commodities-API This web API provides precise rate data for a wide range of commodities in a variety of currencies. Commodities-API originated as a modest, minimalist Open-Source API for financial institutions’ recent and historical commodity prices. Accurate With a precision of two decimal points and a rate of up to every…
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Cotton is a soft, fluffy staple fiber that develops around the seeds of cotton plants in a boll, or protective casing. The fiber is often spun into yarn or thread and used to create soft, breathable textiles. Although cotton has been farmed since antiquity, it was the discovery of the…
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As the OPEC website says, its mission is “to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets […].” The Organization of the Petroleum Exporting Countries is aimed to assure oil rates keep stabilized. Some of the countries that belong to the…
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Corn, often known as maize, is a cereal plant and edible grain that originated in Mexico. It is now one of the most widely disseminated commodities on the planet. It may be consumed, utilized as a biofuel, and even as a raw material. It is the most significant crop in…
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Let us start by identifying commodities as the basic materials used to create the goods that people purchase, such as food, furniture, and gasoline or petrol. Secondly, these materials can be divided into the following categories: Agricultural: for example, wheat Crude oil, for example, is a source of energy. Gold,…
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Commodities are the fundamental building blocks of the global economy, upon which the majority of other items are based. They are divided into two: hard commodities (natural resources) and soft commodities (agricultural products). Commodity markets are popular among traders because prices may be extremely volatile, implying that there are frequently…
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The industry of any commodity is always changing and growing, that’s why it’s really hard to stay updated on the prices of every product we want to trade or invest in. However, it’s not impossible to achieve and it can be really effective to do it via an API. What’s…
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