Also known as maize, corn is a cereal plant and edible gran native to Mexico, which is currently one of the world’s most extensively distributed commodities. It can be eaten, used as raw material, and as a biofuel, among other things.
Nowadays, it’s the most important crop in the USA, with approximately 400 million tons produced in the year 2018. It was followed by China, with over 250 million tons, and Brazil, with 82 million tons2. In 2018, corn had a production of 1.15 billion tons around the world.
Besides, its output increases every year and it’s consumed by a big portion of the world. So, investing in corn is probably a wise decision that can bring you many benefits. However, it’s important to understand that its price changes constantly. Because of that, you’ll need to stay updated on how it varies daily or hourly.
But how can you do that? Well, using an API it’s probably the best option to help you achieve that. This is a connection that enables two computers or programs to communicate with one another. When you send a request for a price, the API gives back the result to you that most of the time is in JSON.
JSON (JavaScript Object Notation) is the most often used data format for web data transfer. This data exchange might occur between two computer programs running in separate geographical regions or on the same system. JSON is both human-readable and machine-readable. While programs and libraries can read JSON documents, people may also look at the data and deduce meaning from it.
To get this information, you’ll need to find a good online API that makes the job easier for you and your business. There are a lot of commodities API out there, but for this example, we will use Commodities-API, a free online API that delivers real-time data on commodity rates such as rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, and many others.
This software provides precise commodity and exchange rate data for virtually any commodity, as well as 170 worldwide currencies, including Bitcoin and other major cryptocurrencies.
How Can You Get Corn Prices API in JSON?
You need to enter www.commodities-API.com and get an API key after signing in. Then, you choose the commodity you prefer, in this case, corn, and the currency you wish to obtain the data. By doing this, the software will automatically give you the information in JSON format and many other languages. You need to search for the one you want and use it in the platform of your choice. And that’s it, is as simple as that.
The commodities API data can be provided in any currency and with a precision of two decimal points. You may also receive data updates every 60 seconds and make 100.000 API queries each month.
Where Does The Information Come From?
This API takes data from banks and stock exchanges and then utilizes it to provide you with the most trustworthy and secure data. Aside from that, Commodities-API employs bank-grade 256-bit SSL encryption to protect the security of your connection at all times. Only midpoint data for commodities and currency rates are provided via the API. The average median rate of Bid and Ask at a particular time is used to determine midpoint rates.
Also published on Medium.