Are you looking for a way to get wheat rates per metric ton? Then an API can definitely help you.
Investing in wheat is unquestionably one of the finest ways to make money in the market right now. Its consumption is increasing year after year because it is a cereal grain with adhesive qualities of gluten proteins that allow for the manufacturing of processed goods. This is also a result of globalization and the westernization of nutrition.
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 if you invest carefully, it can bring you a lot of money.
Apart from this, the metric ton is one of the most frequent measurement and trading units for wheat. This is a weight measuring unit that equals a thousand kilos and is widely used in many countries. In most regions of the globe, tuns are huge or giant barrels used to sell wine.
A metric ton is equal to ten kilos in the metal commerce sector of the United States. In general, it refers to a metric ton of ore containing 1% of the original metal. In the case of MTU, it is also known as metric tons of uranium or thousand kilos of uranium. In the coal mining industry, the term gigaton is frequently used.
So, knowing all this, you probably want to try and invest in wheat. But, to do so, you should stay updated on different types of rates per metric ton, since not knowing this information can result in you making bad decisions and losing a lot of money. To do so, though, you must monitor wheat prices almost every hour. It may be a difficult task, but we have the appropriate solution for you: an API.
But What Is An API?
This technology is a connection between two computers or programs that allows you to get various information. When you send a request to an API (or, to be more precise, perform an API call), you will receive data in a couple of seconds. Depending on whatever API you use, this answer is provided in a variety of computer languages, including JSON, PHP, and Python.
We believe Commodities-API, a free web API that delivers real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, will be very useful if you’re seeking for wheat rates per metric ton.
To utilize it, you must do 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 (WHEAT and the currency you desire)
- Find 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 provide you an API in a variety of computer languages that you may edit and use whatever you like.
The final result will be as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "WHEAT",
"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. There are exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility statistics.
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.