Corn is a major U.S. crop that is grown for both food and feed. It is used in a wide variety of products, including cereals, breads, and snacks. The corn futures contract is a financial instrument that allows the buyer to buy or sell corn at a predetermined price and date. Farmers use futures contracts to lock in a price for their corn before it is harvested or sold. This helps protect them from potential price declines.
There are various ways to access live price data, but the easiest way is to use an API. In this case, a corn futures API can be used to access up-to-date information on corn futures prices. This information can be used to make better decisions about when to buy or sell corn futures. There are several different APIs available, but not all of them provide the same level of accuracy or reliability. In this article, we’ll introduce you to the best one out there, the commodities API.
Commodities API
The commodities API allows you to access real-time data on futures prices of different commodities, including corn. This means that you can get up-to-date information on prices as they change throughout the day. This corn futures API also allows you to track historical data; which means that you can track trends over time and gain valuable insights into the market.
The commodities API is simple to use and comprehend. This is because it delivers JSON replies, which are compatible with all the main programming languages. As a result, it is simple to incorporate into any website or program. Developers can assist their customers without having to create a corn futures API from scratch.
Available Endpoints
The commodities API has several endpoints that can give you all the information you might need to make smart trading decisions.
- Latest rates endpoint
- Convert endpoint
- Historical rates endpoint
- Time-Series data endpoint
- Fluctuation data endpoint
Please be advised that, based on your membership package, specific API endpoints could or might not be accessible.
Sign up and start using this API right away!
Using the commodities API is easy. Simply sign up for an account, log in, and start making use of it! Select the endpoint and input the base currency and symbol. Finally, enter the “Run” button and wait for the results to be returned.
We check the “Latest rates endpoint,” which offers data on the most recent commodity rates for a specific currency. As soon as we typed in the base currency (USD) and the symbol (CORN), we got the following results:
{"data":{"success":true,"timestamp":1682489940,"date":"2023-04-26","base":"USD","rates":{"CORN":0.15360983102919},"unit":{"CORN":"per bushel"}}}The result established that one US dollar is equal to 0.15360983102919 bushels.
The commodities API makes it simple for your clients to obtain live corn futures prices for September 2023. This API is ideal for investors who want real-time data on corn futures prices and other commodities. Additionally, this API offers several reasonably priced programs that are easy to customize to your needs. With a 60-second update time, it provides up to 100,000 API calls per month. So why do you still have to wait? Integrate the commodities API right away into any system or program!