If you want to know how to obtain soybeans per bushel prices then read this article. Here, we show you how an API can help you.
Soybeans are a kind of legume that originated in East Asia and has a wide range of applications. It’s found in a variety of processed foods, including soy milk, tofu, fermented bean paste, and others. They also provide oil and protein and can aid in the prevention of illnesses such as cancer.
Brazil produced more than 125 million tonnes of soybeans in 2018. It was followed by the United States, with about 120, and Argentina, with over 40. Because of the widespread usage of soybeans and their production, soybean ETFs have shown to be quite reliable and simple to understand for future investments.
This commodity can be measured in different units, for example bushels or short and metric ton. The first one is the one we will be focusing on. Since there are so many ways of measuring only one product, you need to be careful with which price you are checking. So, to have more accurate rates and don’t commit any mistake, we highly recommend using an API.
About APIs
This technology is a connection that allows two computers or programs to communicate with one another. That way, you’ll always have the most up-to-date information whenever the price changes in the unit you wish. They can be obtain by using a software that provides you with it. However, you should be careful since each one of them works differently.
Since you need to obtain per bushel information, we recommend Commodities-API, a free web API that provides real-time data on commodity pricing such as coffee, rice, sugar, and wheat, among others, to help you make that decision and to explain how it works.
To obtain the information, you must complete the following:
- Go to www.commodities-API.com and sign up to get your own API key.
- Look up the symbols for soybeans and the currency you like.
- Using these symbols, locate the commodity and money in the list. After you’ve settled on them, make the API call.
- The website will provide an API in a variety of computer languages, which you may change, use, and adapt as you see appropriate.
The result will look like this:
{
"success": true,
"timestamp": 1519296206,
"base": "SOYBEAN",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Additional Information about This API
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. There are exchange rates for almost every commodity available, as well as Precious Metals, currency conversion, Time-Series data, and volatility information.
Rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and other commodities all benefit. This API provides accurate commodity and exchange rate data for almost every commodity, as well as 170 different foreign currencies, including Bitcoin and other major cryptocurrencies.