If you’re in the soybeans industry and want to know where to obtain good API prices in Python, this post is for you. Here, we’ll show you how to obtain the greatest deals.
Soybeans may be found in a variety of processed foods as well as others such as soy milk, tofu, fermented bean paste, and so on. It’s a type of legume that originated in East Asia and has several applications. They also provide oil and protein and are useful in the prevention of illnesses such as cancer. Brazil produced more than 125 million tonnes of soybeans in 2018. The United States (with over 120) and Argentina came next (with almost 40).
As a result, we can see that we are discussing one of the world’s most important sectors. As a result, it’s critical to keep current on various rates, such as real-time, spot, and historical. This will assist you in better understanding the business and gaining more earnings. This is possible 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.
Let’s Talk About Python
Python is an interpreted high-level general-purpose programming language. Is widely used in the development of websites and software, as well as in task automation, data analysis, and data visualization. Its design concept improves code readability by using extensive indentation. Its language features and object-oriented approach are intended to help programmers write clear, logical code for small and large-scale projects alike.
How To Get Soybeans Rates In Python
With that out of the way, let’s talk about where to access the Python API. There are various online softwares for this, but we will utilize Commodities-API to demonstrate how to obtain the rates. As an example, here is a free public API that gives commodity pricing for a variety of commodities like coffee, rice, sugar, and wheat. It was chosen because it supports over 170 currencies and provides data with a precision of two decimal points, making it the most valuable tool available.
How To Get The API
1. Go to www.commodities-api.com and sign in to get your API key
2. Look for the symbols of your commodity and 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 Python one and extract it from the website.
The Python answer will look something like this:
import requests
base_currency = 'USD'
symbol = 'XAU'
endpoint = 'latest'
access_key = 'API_KEY'
resp = requests.get(
'https://commodities-api.com/api/'+endpoint+'?access_key='+access_key+'&base='+base_currency+'&symbols='+symbol)
if resp.status_code != 200:
# This means something went wrong.
raise ApiError('GET /'+endpoint+'/ {}'.format(resp.status_code))
print(resp.json())
Where Does This Information Come From?
Commodities-API receives data from banks and stock exchanges, so you can trust that the information you will receive is correct and safe. 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. Furthermore, this program leverages bank-grade 256-bit SSL encryption to safeguard your connection.
Also published on Medium.