Do you wish to obtain soybean rates in euro? Use an API!
Soybeans are a kind of legume that originated in East Asia and has a variety of uses. It may be found in a range of processed foods such as soy milk, tofu, fermented bean paste, and others. They also offer oil and protein and can help prevent diseases like cancer.
In 2018, Brazil produced more than 125 million tonnes of soybeans. It was followed by the United States, which had around 120 people, and Argentina, which had more than 40. Because of the extensive use and production of soybeans, soybean ETFs have shown to be fairly trustworthy and simple to grasp for future investments.
However, according to research, soybean production in Europe reached 9.5 million tons in the 2021 season, a 6.4 percent rise over output in 2020. Soybean output under the Donau Soja (DS) or Europe Soya (ES) label climbed by 49 percent in 2021, following a short drop the year before. According to Donau Soja’s latest market report, farmers in the 11 European nations certified under those soy criteria produced 715,000 tons of soy in the 2021 crop.
With this in mind, we can state that staying up to current on soybean rates in Euro is critical. The best way to obtain this information is to use an API. This is an interface that gathers data from a location and then sends it to the person who requested it via an API call. This technology enables two computers or programs to interact with one another, which is how data is collected.
How To Use An API
If you’re looking for soybeans rates in euro, we believe Commodities-API, a free web API that provides real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, will be quite helpful.
To make use of it, you must perform the following:
- To obtain your own API key, go to www.commodities-API.com.
- Look for the symbols you wish to put to the test (SOYBEAN and EUR)
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- Look for the most up-to-date price. The website will give you with an API in a variety of computer languages that you may tweak and use in any way you see fit.
The reaction will be something 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,
[...]
}
}
More Details About This Software
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. Exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility statistics, are all available.
Prices for rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities are all rising. 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.
Also published on Medium.