If you’re searching for a way to obtain soybean per pound prices employing an API, you need to read this article!
Glycine max, sometimes known as soybean or soya bean, is an East Asian legume grown for its edible bean, which can be used in a variety of ways.
In a nutshell, soybeans are processed for their oil (which is used for a multitude of applications) and their meals (which is used for the animal feed industry). A smaller proportion is processed for human consumption, resulting in soy milk, soy flour, soy protein, tofu, and a variety of commercial meals.
Also, non-food (industrial) goods containing soybeans can also be found. They also include oil and protein, as well as the capacity to help prevent diseases such as cancer.
Its main producers are Brazil, the world’s top soybean grower, which produced more than 125 million tonnes in 2018. With nearly 120 points, the United States came in second, followed by Argentina with over 40.
One of the most common units of measurement for this commodity is per pound (or per lb). A pound is a unit of mass used in the imperial and customary measurement systems of the United Kingdom and the United States. The most often used term now is the international avoirdupois pound, which is defined as 0.45359237 kilograms divided into 16 avoirdupois ounces.
If you invest in this type of good, you should realize how important it is to be up to date on daily dynamic pricing. To do so, use Commodities-API, a programmatic interface that retrieves data from a location and returns it to the person who made the API call. You might use this tool to look for soybeans per LB pricing and watch how they fare in the market.
Why Commodities-API?
Commodities-API is a service that lets you track the prices of a variety of commodities, such as soybeans. This way, you’ll be able to forecast prices and convert them into the currency of your choice. Rice, wheat, coffee, corn, sugar, natural gas, Brent crude oil, WTI crude oil, and a range of other commodities are also supported by this platform.
Furthermore, Commodities-API is a piece of software that collects and verifies data from banks and the stock market. When you submit an API call, the data is returned to you with a precision of 2 decimal points and in a variety of programming languages. Furthermore, this program secures your connection with bank-grade 256-bit SSL encryption.
Also, for currency and commodity price conversions, the same API endpoints are utilized, and they can be used to convert any amount from one currency to another, from one commodity to another, or from any currency to any currency.
How does it work?
To acquire the API with per-pound soybean pricing, you need to do the following:
1- To obtain your own API key, go to www.commodities-API.com.
2- Look for the COFFEE (coffee) and the MONEY (money) symbols.
3- Locate the commodity and money in the list using these symbols. Make the API call once you’ve decided on them.
4- Look for the latest up-to-date prices. The website will give an API in a variety of programming languages, which you are free to modify and use in any way you see fit.
Also published on Medium.