Are you a stock investor? Do you want an alternative way to invest wheat in Russian currency? I invested using the data provided with this API! Read this post to know how to do it?
Wheat is a grass that is widely farmed across the world for its nutritious and valuable grain. Along with corn and rice, it is one of the world’s top three most produced crops. Wheat, like other basic crops, has been farmed for over 10,000 years and is thought to have originated in the Fertile Crescent. Humans use it to make a variety of goods, the most notable of which is flour, which is created from the grain itself.
Given the current war between Russia and Ukraine, many of the products produced by these countries have plummeted, including wheat. This grain is exported in Europe almost entirely by Russia, but due to economic sanctions, the Russian currency has been intensively demonized. This caused the rest of the wheat exporters to begin to gain value, such as Turkey, Pakistan, Kazakhstan or Latin American countries such as Brazil, Argentina, Mexico.
Although the main producer worldwide is China with approximately 130 million tons per year, it is also followed by India with 90 million tons, and the USA with approximately 60 million tons each. In this way, investment in grains and oilseeds is a resource highly recommended by experts, since the global supply fluctuates constantly and is largely determined by crop production cycles, weather conditions, and the changes that take place. present in the global market demand. In fact, many use the Commodities-API to measure the following movements in the wheat market.
What Is An API?
The API (Application Programming Interface) is the interface via which computer applications communicate with one another. The major goal is for developers to save time and money by decreasing the amount of work they have to complete.
What Is Commodities-API?
Commodities-API is a system that enables free and virtual access to every sort of money and goods from its 170 selections via an API, or application programming interface. The data is acquired in real time, with two decimal places of precision and a one-minute response time.
Plus it’s very easy to use! If you want to create an account for the first time, just follow the steps below:
- Go to website
- Get an API-key
- With this API-key, choose the products (WHEAT) and currencies you want.
And that’s it!
Is It Safe?
Your transactions are protected by Commodities-bank-grade API’s 256-bit SSL encryption. It is backed up by the site’s experience with IT developers, small enterprises, and even corporations. There is no need to be concerned because this API uses data collected directly from the market.
For more details, visit their website.