If you are wondering whether it is feasible to get ZWN23 prices through an API, the answer is yes. In this post, we will tell you more about it and also recommend the best API to get ZWN23 prices.
The Chicago Board Trade’s (CBT) symbol for the July 2023 wheat futures prices is ZWN23. The production of wheat is very important for the economy of many countries. This product is exported to many countries around the world. In recent years, the production of wheat has increased due to an increase in global demand. This is because it is an essential ingredient in many foods and products, like breads and pastries.
The ZWN23 prices are determined by the supply and demand of this product. If there is a lot of supply and not much demand for this product; then the price will be lower. On the other hand, if there is not much supply and a lot of demand for this product; then the price will be higher. Therefore, if you are interested in getting ZWN23 prices through an API; you should know that many wheat price APIs can provide you with this information. But not all of them are trustworthy or provide accurate data. In this sense, we recommend using an API that has recently gained popularity due to its efficiency: the commodities API.
Commodities API
You can follow pricing information for several assets with the help of the commodities API. It provides a broad range of endpoints that, in general, enable you to fully comprehend the volatility in wheat or other commodity prices. This is a useful tool that aids producers and merchants in avoiding losses and making better business decisions. The benefits of this API extend to developers and programmers. It is sufficiently flexible to be utilized in a range of apps and websites thanks to JSON responses.
Track ZWU23 Prices With This API
This API is very easy to use; all you need to do is register on the commodities API platform and subscribe to it. You can test its endpoints right away, so elect one, and then enter the required information (it might depend on the endpoint you choose). Run the API and collect all the data!
Here, we choose the “Latest Rates” endpoint. Since we want information on July 2023 wheat prices, we use “ZWN23” for the symbol and “USD” for the currency. We got the following information after making the API call:
{"data":{"success":true,"timestamp":1685508840,"date":"2023-05-31","base":"USD","rates":{"ZWN23":0.0017108639863131},"unit":{}}}Our analysis of the response leads us to the conclusion that 0.0017108639863131 units of wheat are equal to one US dollar.
As you might have realised, it is feasible to get ZWN23 information using a wheat price API. The commodities API has proven to be a very fair choice. It will not only provide information on ZWN23, but it can also give you other commodities data. So it is suitable for any business that needs to have updated pricing data. Don’t hesitate any longer and start using the commodities API to get real-time information about wheat and other assets.