Do you want to obtain accurate and fast data on agricultural rates? You don’t know how to do it? Check this article and learn how to do it through an API!
Any crop planted and produced by yearly tilling of the soil, including one-trip planters, or sugarcane, is considered an agricultural commodity. Annual crops are commonly referred to as agricultural commodities.
Cattle/calves, maize, soybeans, dairy products/milk, other crops, broilers, pigs, wheat, and chicken eggs were the ten greatest sources of cash earnings from the sale of world-produced farm and agriculture commodities in 2021 (in decreasing order).
The importance of agricultural commodity prices for long-term growth is critical, particularly for nations that rely on agricultural exports and/or have agriculture as a major economic sector.
Future contracts are used to trade agricultural commodities. These contracts can be used for risk management or as a way to benefit from speculation. A commodity is a necessary item. Agro commodities are soft commodities, whereas hard commodities are mainly mined materials.
To stabilize updated prices that commodities bring to the market, there are various currency exchange sites that facilitate the action of searching for prices. We strongly recommend the Commodities-API platform that is managed through an API, computer software that makes connections between the site and, in this case, a financial institution. This is the best commodities prices API!
Commodities-API
Commodities-API it´s a company that sells monetized data on things like coffee, cereals, and oils, among other things. It obtains them via an API, which is accomplished in under a minute by establishing relationships with financial institutions. By using this platform you can get 170 options of currency and commodities.
Explaining The Registration
Commodities-API has the advantage of being a very user-friendly website. To do so, take the following steps:
- Go to the website and create an account.
- Create an API key that is unique to each user
- Choose your currency and product
- Go to the dashboard and create an API-request, and the program will react with an API-response, and you’re good to go!
Widely Safe
The Commodities-API site uses a SSL encryption to secure web-to-web connections. This form of security is used in financial institutions. This API, in turn, obtains data from financial institutions or even the World Bank.
Credible Statistics
With a two-decimal-point accuracy and a 60-second frequency, the API can offer real-time commodities data. Commodities-API is built on a strong back-end architecture that ensures high availability and response times of less than 50 milliseconds for defined API calls.