If you’re trying to find wheat rates in PHP using an API but don’t know how here we explain to you how it’s done.
Investing in wheat is probably one of the smartest ways to make money in the market world right now. Since it’s a cereal grain whose adhesive characteristics of gluten proteins allow the manufacture of processed food, its consumption rises every year. This also is the result of the global industrialization process and the westernization of the diet.
Wheat output in 2017 was 772 million tonnes, with 766 million tonnes expected in 2019. With this, we can affirm that it is one of the most important commodities in the world and that it can bring you many profits if you’re wise enough with your investments. For that, it’s important to stay updated on different types of rates, like real-time and historical data.
How To Obtain These Rates
These prices are available via an API, which is an interface that collects information when you submit a request and offers it to you in various formats such as JSON and Python. This API is provided by different softwares that specialize in commodities rates. However, if you’re trying to find wheat prices in PHP, notice that not all APIs offer you this information, so you need to be careful about which software you chose so you don’t lose money and time.
What Is PHP?
PHP is a general-purpose programming language that is mostly used in web development. On a web server, PHP code is often executed by a PHP interpreter, which can be implemented as a module, a daemon, or a Common Gateway Interface (CGI) executable. The outcome of the interpreted and executed PHP code would compose the entirety or a portion of an HTTP response on a web server. PHP may be used for a variety of programming jobs other than web development, such as standalone graphical applications and robotic drone control. PHP code may also be run straight from the command line.
What Software Can You Use
As we said, there are plenty of APIs online that could provide you with wheat rates, however, not all of them will give you a PHP response. Because of that, we recommend using Commodities-API, a free API that has a large list of commodities and currencies available for you to choose from. This is the most complete API since it supports more than 170 currencies and provides data with a precision of two decimal points, making it the most valuable tool available.
To obtain the API you have to:
1. Go to www.commodities-api.com and sign in to get your API key
2. Look for the symbols of Wheat (WHEAT) and the currency of choice
3. Once you have them, insert them both and make the API call
4. The software will give you different answers, look for the PHP one between them. This response will look something like this:
5. Insert the code into anywhere you want and start receiving different wheat rates at any time you need
Is This Information Accurate?
This software collects data from banks and the stock market and then provides it to you with a precision of 2 decimal points. Besides, Commodities-API protects your connection by employing bank-grade 256-bit SSL encryption.
Currency and commodity price conversions are available via the same API endpoints and may be used to convert any amount from one currency to another, one commodity to any commodity, or any currency to any currency.
Also published on Medium.