Corn is a cereal grain that is used to make corn flour, cornmeal, grits, corn syrup, and many other products. There are several advantages to trading corn futures. First of all, they allow you to profit from rising or falling prices without having to buy or sell physical corn. This means that you can speculate on the future price of corn without having to buy or sell any actual corn.
Another advantage of trading corn futures is that they offer greater leverage than other commodities futures contracts. Finally, trading corn futures allows you to take advantage of trends in the market without having to guess which way prices will move. By trading futures contracts, you can simply wait for the market to move in your favor. A great tool to make this possible is through corn futures price API.
A Corn futures prices API mainly helps you get the live price of corn futures. However, you might also want to consider an API that provides you with more than one commodity’s information. Therefore, we advise using the commodities API. Continue reading to find out more about it!
Commodities API
The Commodities API enables you or your clients to see future live prices on different commodities, not just corn. It gives real-time information on commodity prices from more than ten distinct exchange rate data suppliers. Its results are provided in JSON format, which is easy to understand in any computer language.
The Commodities API is a great option for developers, as they can provide their clients with a fast and reliable solution without having to start an API from scratch. As a result, developers can maximize earnings by optimizing their time. This API also contains a variety of endpoints, each of which serves a unique purpose and might vary according to your subscription. These include the latest rates endpoint, the convert endpoint, the historical rates endpoint, the time-series data endpoint, and the fluctuation data endpoint.
How To Get The Price Of Corn Using This API?
Making use of the commodities API is very straightforward. can register for an account at the Commodities API and begin using it immediately after. Following, use the various API endpoints and the symbols depending on what commodity information you’re looking for. Press the “run” button to start an API call. And that’s it! You will receive all of this information in no time!
In this instance, we test the “Latest rates endpoint” which returns up-to-date commodity rate information for all available or a chosen subset of currencies. As an illustration, when we entered the symbol (corn) and base currency (USD), we received the following data:
{"data":{"success":true,"timestamp":1682306280,"date":"2023-04-24","base":"USD","rates":{"CORN":0.15077271013946},"unit":{"CORN":"per bushel"}}}As you can see from the response, one US dollar is equivalent to 0.15077271013946 of bushels of corn.
The commodities API can easily help your customers get live corn futures prices for July 2023. In general, the commodities API can provide future live price data on corn and other commodities, including, rice, coffee, and more. With up to 100,000 API inquiries and 60-second data refreshes per month, it offers a wide range of subscription choices. Select the one that best fits your requirements, then begin using this API!