If you’re looking for a way to acquire soybean prices API employing PHP, you’ve come to the right place.
Glycine max, sometimes known as soybean or soya bean, is a legume native to East Asia that is commonly farmed for its edible bean, which has a multitude of purposes.
Soybeans are processed for their oil (which is used in a variety of ways) and meal (which is used for the animal feed industry. A lower percentage is processed for human nutrition, resulting in foodstuffs such as soy milk, soy flour, soy protein, tofu, and a diversity of commercial food products. Also, many non-food (industrial) products contain soybeans.
If you are planning investment in something like this, you should know how necessary it is to follow up the latest prices of the market. This could be the circumstance that pushes your investments to take a different road. You may end up with bad results and lose revenue if you don’t watch the commodity and see how it performs in the market.
So, if you’re interested in the soybean industry and its daily price, you need to try Commodities-API, which is a programmatic interface that takes data from a location and returns it to the person who did the API call. This is a universal characteristic on many websites and makes things easier when you need current information immediately.
JSON and Python are used in the majority of these responses but in this article, we’ll talk about PHP.
Why PHP (cURL)?
PHP (Hypertext Preprocessor) is known as a recognized programming language that can be used to develop dynamic and interactive websites. It was among the first server-side languages that could be embedded into HTML, making it easier to add functionality to web pages without needing to call external files for data.
As an open-source language, it allows developers to edit its structure and therefore can be applied in any project.
Try this API
Commodities-api.com is always the better choice. This is a website where you can track the prices of a variety of items such as soybeans. In this way, you’ll be able to predict prices and convert them into your preferred currency.
To use it, you need to:
1. Go to www.commodities-api.com and sign in to get your API key
2. Look for the symbols of Corn (CORN) and the currency of choice
3. Once you have them, insert them both and make the API call
4. The software will give you different answers, look for the PHP one between them.
The answer in PHP will be something like this:
// set API Endpoint and API key
$endpoint = ‘latest’;
$access_key = ‘API_KEY’;
// Initialize CURL:
$ch = curl_init(‘https://commodities-api.com/api/’.$endpoint.’?access_key=’.$access_key.”);
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates[‘rates’][‘GBP’];
Is this website confident?
For sure!! Commodities-API is a software program that collects data from banks and the sharemarket, certifying its authenticity. After you make the API request, it returns the data to you with a precision of 2 decimal points and in a variety of programming languages. Furthermore, this application protects your connection with bank-grade 256-bit SSL encryption.
The same API endpoints are used for currency and commodity price conversions, and they can be used to convert any amount from one currency to another, from one commodity to another, or from any currency to any currency.
Also published on Medium.