Are you worried about your finances due to the current conflicts in Europe? Are you interested in finding another way to invest in commodities such as wheat? I discovered this API that will help you find the best currency to look at!
Wheat is a fairly complete food since in its organic composition there is a great variety of minerals, such as magnesium, phosphorus, silicon, calcium, potassium, manganese, and vitamins such as those of group B, C and E, which favors the health of our skin, our muscular and nervous tissues. On the other hand, wheat is present in the food and cosmetic industry thanks to its benefits; and it is also the most cultivated cereal in the world, since it belongs to the grass family, which includes other items of great importance such as oats, sorghum, rice and corn.
Wheat is the food grain that dominates world trade with some 650-685 million tons of production, 654-660 million tons of consumption and 160-190 million tons of product stored annually. The main consuming countries of wheat, with respect to total world consumption, are China (18%), India (17%) and Russia (15%). Although Russia also produces 100 million tons of wheat annually, but . Due to the current war situation, wheat fell sharply in the European market, along with fuel and other commodities, since Russia, together with Ukraine, represent around 29% of wheat exports in the European Union.
Due to this current conflict, both the European and world economy is totally unstable with price rates going up and down. Wheat investors are looking for a way out, so they began to look favorably on cryptocurrencies. These digital currencies that have begun to have a strong influence on the market, came in handy since they do not depend on any state or country, but on the users themselves. In this way, to keep up to date with the various digital currencies, experts use Commodities-API that allows them to obtain live metric data about Bitcoin, Ethereum, Binance, among other currencies.
What Is Commodities-API?
Commodities-API is an open and online website that provides you with an API, a software, that obtains real and live data about various basic products such as corn, wheat, fuel, among others, in different currencies. It has a precision of two decimal places and a speed of 60 seconds.
How Does It Work?
Its way of use is very easy. You have to follow three simple steps:
- Go to www.commodities-API.com
- Get an api key
- Search for the products (WHEAT) and currency (BTC, ETH) of your desire
After that, the API will be sent in a JSON script and you can use it however you want.
Is It Safe?
Commodities-API has a bank-grade 256-bit SSL encryption that protects your movements. It is backed by the experience of IT developers, small businesses, and even corporations using this site. This API has reliable data obtained from the market itself, so there is nothing to worry about.
For more information, check their website.