Wheat is one of the most important crops worldwide. It has been cultivated since prehistoric times and has been one of the most important staple foods since the Neolithic era. It was first domesticated in the Fertile Crescent (present-day Iraq, Syria, Kuwait, and Iran). Additionally, it can be grown in many different regions around the world, and it has many uses. Wheat is used for human consumption, animal feed, and the manufacture of alcoholic beverages.
If you are part of a company that works with this type of grain, you will need to be able to provide information about it in real time. This will allow you to analyze your business better and make better decisions when it comes to marketing your products. Truly, there are some options on the market, but usually, the processing time to display results is quite long. In this case, you should use a wheat prices API. It allows you to access information about wheat from monthly data in real time. As a recommendation, we suggest the commodities API. This way, you will be able to display this information as soon as possible and thus improve your business.
Commodities API
The commodities API is an application programming interface that allows you to receive real-time access to wheat pricing data. Thankfully, this also applies to other in-demand commodities like coal, sugar, and products other than wheat. This API allows you to pull the data that you need in a matter of seconds, which includes recent data, historical data, currency data, fluctuation data, and more. You can use this information to create better strategies for your company or even create your own business based on this data.
Developers can use this API to access data from other programs or services without having to explicitly write new code or databases. The commodities API responses are delivered in JSON format, which facilitates its integration and is highly compatible with any system. Overall, this wheat prices API enhances productivity and allows developers to maximize revenue.
Using The Commodities API
The commodities API is also very simple to use; all you need to do is create an account on the commodities API website. Moving on, select the asset you want to examine and input, the desired base currency, and the endpoint. Finally, click “run” to launch the API request and start receiving all the data about the selected asset.
For instance, we choose “WHEAT” as the symbol (asset to be examined), the “Latest rates” endpoint, and “USD” as the base currency. Following the API call, we received:
{"data":{"success":true,"timestamp":1685318640,"date":"2023-05-29","base":"USD","rates":{"WHEAT":0.0041037396661423},"unit":{"WHEAT":"per metric ton"}}}From the above response, we can determine that 0.0041037396661423 tons of wheat are equal to one US dollar.
With the help of the commodities API, you will be able to study multiple assets. From marketing decisions to trading and investment decisions, the broad data it supplies gives you a broad overview so you can make better decisions for your company. Additionally, paid plans provide updates every 60 seconds, and offer up to 100.000 API requests per month!