If you’re now in the business of wheat and want to know where to how to get good rates API in Python, then this article is for you. Here, we explain to you the best way to get those prices.
But first, let’s talk about wheat and why is it important to invest in it. In 2017, wheat production was 772 million tonnes, with a forecast in 2019 at 766 million tonnes. This product is distinctive since its adhesive characteristics of gluten proteins allow the manufacture of processed foods, whose consumption is rising as a result of the global industrialization process and the westernization of the diet.
So we can notice that we are talking about one of the major industries in the world. Because of that, it’s important to stay updated on different rates, like real-time, spot, and historical. This will help you to understand the business better and gain more profits. This can be done through an API, which is an interface that gathers information after you send a request and presents it to you in different formats, like JSON and Python.
Why Python?
Since you’re clearly interested in getting wheat rates in Python, then let us explain more why Python is important. Python is a high-level general-purpose programming language that is interpreted. Is commonly used in the construction of websites and software, as well as task automation, data analysis, and data visualization. With significant indentation, its design idea increases code readability. Its language features and object-oriented approach are designed to assist programmers in writing clear, logical code for both small and large-scale projects.
With all this being said, now we can talk about where to get the API in Python. There are a few softwares for this online, however, we will use Commodities-API to explain better how to get the rates. To demonstrate, here is a free public API that provides commodity pricing for a wide range of commodities such as coffee, rice, sugar, and wheat. We choose it because it supports over 170 currencies and offers data with a precision of 2 decimal points, making it the most useful tool accessible.
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, that will look something like this:
import requests
base_currency = 'USD'
symbol = 'WHEAT'
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())
5. Insert the code into anywhere you want and start receiving different wheat rates at any time you need
Is This Information Reliable?
Commodities-API receives data from banks and stock exchanges, so you can be confident that the information you will receive is accurate and secure. Furthermore, to protect your connection, this software employs bank-grade 256-bit SSL encryption.
Currency and commodity price conversions are provided through the same API endpoints and may be used to convert any amount from one currency to another, from one commodity to any commodity, or from any currency to any currency.
Also published on Medium.