Do you want to invest in wheat in New Zealand dollars? In this post we show you three APIs to do it!
Wheat is one of the most traded products in the world, along with corn and soybeans. The most usable part of wheat is the grain, which is what is mainly used for export since it is destined for consumption for food, oils, flour, among others. The seed is also exported, destined for plantation.
Many countries run their economies by exporting wheat, but due to its excellent soil conditions, along with sophisticated farming methods and advanced agricultural technology, it provides the ideal environment for pastoral, forestry and horticultural activities such as the New Zealand wheat crop. making this country one of the largest exporters of wheat in Oceania and part of Asia.
Therefore, many investors decided to opt for New Zealand for the wheat market. But to get to this point, you have to take into account the rise and fall of the price of wheat in the market. We recommend three APIs that can help you stay informed with prices:
Commodities-API
Commodities-API it´s a free public API that offers commodity price for a variety of commodities, including coffee, rice, sugar, and wheat.
It´s very simple to obtain the information: first log in to the website, obtain an API key, and then select the desired currency and commodity. That’s all there is to it, and you may use the API in any manner you like. From a list of over 170 possibilities, the Commodities-API may deliver data in whatever currency you choose, with a precision of 2 decimal points. Every month, you may obtain 60-second data updates and conduct 100.000 API requests.
Currency and commodity prices are converted using the same API endpoints, and any amount can be converted from one currency to another, as well as from one commodity to another, and from any currency to any currency. For all commodities and exchange currencies, the API delivers midpoint data. The midpoint rates are calculated using the average median bid and ask rates over a period of time.
Barchart
Barchart was one of the first websites to offer statistics on commodities and futures markets. Is a global financial technology company that provides market data and services to the financial, media, and commodities industries.
Barchart’s unique data, software, and technology solutions power their varied customer base’s operations from front to back office, while their media brands supply financial and commodities professionals with web content, news, and magazines to assist them make decisions.
Barchart has direct access to all of the markets it covers, including stocks, futures, options, indices, and foreign exchange, as well as dozens of news providers and other data sources. The data-driven analysis tools Barchart Opinion and Traders Cheat Sheet can help you develop your trade management and success.
Commo-Prices
This API gives you access to over 10,000 commodities and indexes’ prices and values. Depending on the source, the data may be updated daily, weekly, or monthly. More data is available the more liquid a market is. You may find out more by visiting to www.api.commoprices.com and looking for the commodity you’re interested in. For security reasons, they use HTTPS to encrypt requests between your browser and their servers.