Do you want to start investing in soy in an easy and safe way? Read this article about an API that will help you navigate the stock market!
Soybeans are an edible bean type that belongs to the legume family. They are native to East Asia, but are currently grown and enjoyed in a variety of regions across the world. Human consumption, animal feed, and a range of nonfood consumer and industrial items are all made from soybeans.
Soybeans come in a variety of forms, including fresh, frozen, canned, and dried, and may be cooked and consumed in the same way as other beans. This grains are utilized in a wide range of human and animal diets, as well as industrial and consumer goods including construction materials, lubricants, and other home items.
Brazil, United States, Argentina and China are the largest producers of soybeans in the world. In Argentina, soybean production is even so large that, as of 2020, they began to use tokens to market this product. These tokens were made by the same agricultural producers who thought of using cryptocurrencies, especially Bitcoin, to expand their finances and not depend on all the export taxes that the state told them to pay.
In this way, Agrotoken was born. This platform is mostly based on the Bitcoin currency. Farmers to keep up with said currency and the Agrotoken platform, use Commodities-API.
What Is Commodities-API?
Commodities-API It’s a free public API that gives you commodity prices for things like coffee, rice, sugar, and wheat. The Commodities-API can supply data in whatever currency you choose, with an accuracy of 2 decimal points, from a list of over 170 options. You can get 60-second data updates and make 100.000 API queries each month.
The same API endpoints may be used to convert currency and commodity prices, and any amount can be converted from one currency to another, as well as from one commodity to another, and from any currency to any currency. The API provides midpoint data for all commodities and exchange currencies. The average median bid and ask rates over a period of time are used to compute the midpoint rates.
It’s Easy To Use?
Yes, it´s. You just have to follow these steps:
- Log into the website
- Get an API-key
- Select the currency (BTC) and the commodity (SOYBEAN) of your choice.
Where Does The Data Come From?
Commodities-API gets its data from fifteen highly reputable sources that submit data every minute, such as banks and financial markets.
Visit the website for additional information.