Corn is a major crop in the United States and is one of the most important commodities in the world. It is used as food for both humans and animals. Corn futures are contracts that allow buyers and sellers to agree to buy or sell a certain amount of corn at a specific time in the future. Because of its importance, corn futures are traded on many exchanges around the world. Trading corn futures allow you to speculate on the future price of corn. You can also use them to hedge your exposure to the price of corn.
To be able to make money on these futures, you need to know what is happening in the market. And one way to do this is through an API. In this case, we’re talking about a corn futures API. Corn futures APIs are used for hedging strategies for corn futures traders to guarantee profitability. In this sense, if you’re looking for an API for corn futures trading strategies, we recommend using the one we’ve tested ourselves and that has proven its effectiveness: the Commodities API.
Commodities API
The commodities API provides accurate and up-to-date information on corn and other commodity prices around the world. It offers a variety of endpoints that help you identify pertinent industries and long-term market trends. These endpoints comprise, among others, the historical data endpoint and the endpoint with the most recent rate data.
The commodities API has become the right option for developers who want to offer clients easy and reliable solutions without creating each time a strategy from scratch. This API provides JSON-format responses, which are supported by many well-known programming languages. As a result, it is simple to integrate into already-existing applications and websites, saving developers time and effort. Additionally, the commodities API offers a variety of subscription tiers with up to 100,000 API requests.
How To Use This API To Make Corn Futures Trades
Using the commodities API just requires a few simple actions. The most important step is to register on the website for the commodities API. Then, log in and decide which base currency, symbols, and endpoint best suit your requirements. Last but not least, press the “run” button to start the API call. In just a few seconds, you can find all the information you need!
As an illustration, we used the “Latest rates endpoint” and “USD” and “CORN” as the base currency and symbol, and we obtained the results that are shown below:
{"data":{"success":true,"timestamp":1682808780,"date":"2023-04-29","base":"USD","rates":{"CORN":0.15754233950374},"unit":{"CORN":"per bushel"}}}The solution states that one US dollar is equivalent to 0.15754233950374 bushels of corn.
With the commodities API, you will be able to test different strategies for trading corn futures. You will be able to swiftly and easily get any data from multiple assets, not just corn. Additionally, it allows you to test various parameters such as historical data, the latest rate endpoints, and more, which will allow you to assess how any commodity market will perform over the long term. So what are you waiting for? Do not hesitate and start making use of the commodities API!