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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Accordingly to Cambridge’s Dictionary, a commodity it’s defined as: A substance or product that can be traded, bought, or sold Certainly, these substances or products are, subsequently, raw materials for goods and services we use every day. Additionally, these materials can be divided into categories such as agricultural, energy, metals,…
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It’s impossible to deny the importance India has in the worldwide industry. This country is a big rice and wheat grower, in addition to many commodities more. This is a field that is in constant growth and that’s why you need to stay updated about it. The Indian food industry…
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What Are Commodities and How Do They Work? First, let’s define commodities as the raw resources that are used to make the items that people buy, such as food, furniture, and fuel or petrol. Furthermore, these materials may be categorized into: Agricultural: like wheat Energy: e.g. crude oil Metals: gold,…
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Soybean is a kind of legume that originated in East Asia and has a wide range of applications. Soy milk, tofu, fermented bean paste, and a variety of others are among the most popular. They also offer oil and protein and are beneficial in the prevention of diseases such as…
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Sourced from United States fields, this crude oil, such as Brent Crude, is ideal for refining. WTI stands for West Texas Intermediate, and this oil is, for now, a little cheaper than BC. In spite of the little differences, these two classifications are the most common ones worldwide. Oil as…
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It’s certain that the world moves really fast and everyday things can change a million times. When you’re in the commodities business, you should know this better than anyone, since prices are changing constantly. Because of that, you need to stay updated almost every hour on what are the current…
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Also called maize, corn is a cereal plant and edible grain that originated in Mexico. Nowadays, it’s one of the most distributed commodities in the world. It has many uses, it can be eaten, used as biofuel, and also as raw material. In the United States, it’s the most important…
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