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Get Lumber Rates In Swiss Franc Using An API

Are you interested in investing in the wood market? Are you a small producer? Did you know that you could do it through an API? Find out how to get lumber prices here!

Lumber refers to all harvested wood, whether it’s in the form of logs, massive timbers, or members for light-frame building. Hardwood and softwood are the two types of lumber. The phrase is frequently used to describe the goods made from logs in a sawmill.

Lumber is mostly used for structural purposes, but it also has a variety of other applications. Rough-sawn lumber is available, as well as lumber that has been surfaced on one or more of its faces. Rough timber, in addition to pulpwood, is used to make furniture and other products that need cutting and shaping.

Get Lumber Rates In Swiss Franc Using An API

Lumber futures are contracts that allow you to purchase and sell a specific amount of wood that has been cut into beams and planks in the future. Futures contracts are a legally binding agreement between two parties to trade a commodity in the future.

Lumber has been used in construction for thousands of years, but it wasn’t a market commodity until the industrial revolution. Lumber is classified into two categories:

  • Hardwood timber, such as oak and maple, is employed in commercial enterprises and is commonly seen in the form of wood pallets, furniture, and flooring.
  • Softwood timber, such as pine and fir, is structural lumber that is used mostly for construction. Western Spruce-Pine-Fir species are the most common species traded in lumber futures.

The last category is extremely marketable in Switzerland, where timber industry continues to offer raw materials from the country’s forests, mostly for building and energy generation. Softwood is in great demand in Switzerland, accounting for two-thirds of all logging. It is relatively malleable, making it simple to deal with, and it is readily available.

Because of this, many wood producers in the 1,240,000-hectare areas of Switzerland where wood is worked and produced must keep up to date on market prices for their goods. To do this, they use Commodities-API

What Is Commodities-API?

It’s a website that sells monetized data on things like coffee, cereals, and oils, among other things. It obtains them via an API, which is accomplished in under a minute by establishing relationships with financial institutions.

Get Lumber Rates In Swiss Franc Using An API

How Does It Operate?

Commodities-API has the benefit of being a very user-friendly website. To do so, take the following steps:

  • Go to the website
  • Create a user account.
  • Decide on a currency (CHF) and a product (LUMBER)
  • Get an API request on the dashboard, and the program will react with an API response, and you’re ready to begin!

What Is The Source Of The Information?

This platform’s API collects data on commodity and currency values from more than 15 credible data sources every minute. Banks and financial data businesses, as well as the World Bank itself, are among the sources.

Published inTechnology
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