Are you a producer or do you want to invest in the grain market? Delve into its various investment options through a platform that provides you with the data of these products and different currencies so you can start earning profits!
To begin investing in grains, you must first understand that the majority of agricultural commodities are traded via futures contracts. Futures contracts are financial derivatives that bind parties to purchase or sell an asset at a present price and date in the future. Regardless of the prevailing market price at the expiration date, the buyer or seller must acquire or sell the underlying asset at the predetermined price.
Temperature, precipitation, and changing consumer demands all influence supply and demand for commodities such as wheat, corn, and soybeans. All of these developments have a significant impact on the agricultural commodities market, and grain futures are critical for regulating price volatility and establishing worldwide benchmark prices.
Anyone considering investing in grain futures should be aware that there is a significant danger of losing money. This is not a good investment for everyone. Because an investor may lose more than they initially invested, only risk money should be employed. Risk capital is the amount of money that a person can afford to invest that, if lost, would not have a significant impact on their lifestyle.
Only Asia produced more wheat than the European Union in 2020, at 255 million metric tons. Russia, France, Ukraine, and Germany are the top wheat producers in Europe. The United Kingdom, Poland, Romania, and Spain are all big manufacturers. In 2020, the EU will produce 286.5 million tonnes of grains.
Dry weather, epidemic repercussions, and extreme heatwaves across vast sections of western and northern central Europe, eastern Romania and Bulgaria, and northern Greece reduced grain production in the EU by 12.9 million tonnes in 2020, compared to 2019. This is where the Commodities-API platform comes in, which provides you with information on these products and different currencies in which to invest in order to keep you updated with the market.
Commodities-API: a short explanation
It’s a portal that, among other things, sells monetized data about coffee, cereals, and oils. It gets them through an API, which takes less than a minute to set up after the financial institutions are setup.
Get An Account
Commodities-API has the advantage of being very uncomplicated to use. Perform the following actions to do so:
• Visit the website and register for an account.
• Choose a product and a currency.
• From the dashboard, make an API call, and the app will respond with an API response, and you’re eager to go!
Safest Platform In The Market
The Commodities-API protects web-to-web communications using SSL encryption. This sort of security is used by financial institutions. Using this API, data is gathered from financial institutions and even the World Bank.
Precise Data For Their Users
With a two-decimal-point precision and a 60-second frequency, the API can give real-time commodities data. Commodities-API is built on a strong back-end architecture that ensures complete functionality and response speeds of less than 50 milliseconds for defined API calls.