Do you live in Brazil and need to obtain free Soybean rates from BMF? If you don’t have a big budget, you probably want to get them for free or at a cheap price. Fortunately, today is your lucky day! Here we offer you a free commodity prices API.
Soybean has its origin in Southeast Asia, especially in China for more than 5000 years. Since Eastern religions forbade the consumption of animal meat, soybeans established themselves from the beginning as a must-have crop in the East to supply the proteins they could not get from meat. From there it was taken to Europe in the 18th century and to America at the beginning of the 19th century, and from there it became popular throughout the world, as one of the most consumed grains in the world.
Soybean surpasses all other legumes for its richness in protein and its full range of essential amino acids. In fact, 250 grams of soy provides 30% of the amount recommended daily, ideal for those who decide to adopt a vegetarian diet or decide to dispense with meat in their diets. Also, it is very rich in calcium, with a content very close to that of cow’s milk, very suitable for those who do not tolerate milk well or who cannot drink it because they have lactose intolerance.
When it comes to grain prices, one of the best options for Brazilians is BMF (Brazilian Mercantile and Futures Exchange), one of the largest stock exchanges in the world. However, if you want to get soybean prices easily and for free, there is a tool that will satisfy your needs. This service is called Commodities-API, and it is the best soybeans price API.
What is Commodities-API? Is it free?
In order for you to understand what this service is, you must first understand that it is an API, since Commodities-API is an API as its name indicates. This is based on a set of definitions and protocols that have the purpose of integrating systems and facilitating communication between software applications. Commodities-API was designed to collect information and keep you updated on the prices of a wide variety of commodities, including rubber, rice, coffee, corn, sugar, wheat, lumber, and of course soybeans. All this, with a precision of two decimal places and updates every 60 seconds. And of course, for more peace of mind for the people of Brazil, one of the sources of information on this platform is The Brazilian Mercantile and Futures Exchange
If you are from Brazil, you will be able to see the prices in the official currency of that country (Brazilian real). This is due to its convertibility system between more than 170 currencies from around the world.
Today this service is used by many developers, SMEs and large organizations. For example, companies like Barrick, Metex, Chainlink, Glencore use this service.
And finally, surely you think this system is expensive. The answer is negative. Commodities-API is free, that is, you can access prices without paying anything. But, it is also true that there are paid plans that offer better benefits, which cost between 15 and 50 dollars per month.
