Corn, often known as maize, is a cereal plant and edible grain that originated in Mexico. There are many ways to stay updated on its rates, so if you’re interested in finding out how to, stick around!
Corn is a cereal plant and edible grain that originated in Mexico and is now America’s most important commodity. It is now one of the most widely disseminated commodities on the planet. It can be consumed, utilized as raw material, or converted into biofuel. In 2018, 1.15 billion tons of corn were produced throughout the world, demonstrating its size and importance.
Corn is an excellent investment in this regard since its output increases year after year and it is used by almost every country on the planet. However, you should be aware that its price fluctuates often, making it impossible to determine how corn behaved at various moments in time. With an API, you can access real-time prices, but not all software can give you historical rates.
About APIs
This technology is a link between two computers or applications that allows you to access a wide range of data. You will receive data in a few seconds after sending a request to an API (or, to be more accurate, performing an API call). This response is delivered in several computer languages, including JSON, PHP, and Python, depending on the API you use.
This may be found in several software packages accessible online and is used for a range of purposes. You’ll surely find many APIs for obtaining wheat prices on the internet. But how can you tell which one is the best and avoid wasting time looking for it? Because they all function in various ways, you’ll want to pick the one that best suits your needs.
We strongly advise you to utilize Commodities-API in this situation. This is done using a free web API that provides commodity prices for items like coffee, rice, sugar, and wheat, to name a few.
Commodities-API
To obtain the data, first, log in to the website, obtain an API key, and then select the appropriate currency and commodity from the drop-down menus. That’s all there is to it, and you’re free to utilize the API as you want.
From a list of over 170 possibilities, the Commodities-API can deliver data in whatever currency you choose, with an accuracy of 2 decimal points. You can also get 60-second data updates and conduct 100.000 API requests every month.
JSON API, or JavaScript Object Notation, is an encoding strategy used by Commodities-API to reduce the need for each application to write its ad hoc code to connect with servers that interact in a certain fashion. Entity types, bundles, and fields, as well as data storage and data structures, are all implemented in the JSON API module.
Commodities-API gives historical rates for major currencies from the year 2020 onwards. You may query the Commodities-API for historical rates by adding a date (format YYYY-MM-DD) to the basic URL.
What is the source of information?
Commodities-API collects data from banks and the stock market and uses it to deliver the most reliable and secure data possible. Apart from that, this API uses bank-grade 256-bit SSL encryption to keep your connection secure at all times.
The same API endpoints are used to convert currency and commodity prices, and they may be used to convert any amount from one currency to another, any commodity to any commodity, and any currency to any currency. For all commodities and currency rates, the API delivers midpoint data. Midpoint rates are calculated using the average median rate of Bid and Ask during a certain period.
Check out related blog posts:
Best API For Cotton Historical Rates
How To Get Coffee Historical Rates Using An API
Also published on Medium.