In this article, we’ll take a look at one of the best APIs for getting wheat futures price updates.

A cereal crop known as wheat has been grown for at least 8,000 years. It ranks third after rice and maize as one of the most significant food grains in the world. For more than one-fifth of the world’s population, wheat is their main source of nutrition. This essay will concentrate on the wheat market and how real-time prices can be accessed using an API. Although bread is the most popular product made from wheat, it is also used to produce pasta, cereals, and beer. Because it is so high in protein, it is also utilized as animal feed. Worldwide, wheat is farmed, but the United States produces the most of it. The following countries are Russia, China, Canada, India, and France.

With a communication interface known as an API, automatic information sharing and communication between two different systems is made possible. In this instance, we wish to take advantage of an API that provides real-time information on the price of wheat futures. We advise using a WFM Prices API for this, which provides easy access to data on a range of commodities, including wheat, from all over the world.

There are many different uses for wheat. It can be used to make wheat germ oil or processed into flour. It can be distilled to make whiskey or fermented to make beer. Even paper can be manufactured from it. Many varieties of crackers, pastries, and breads are also made from wheat.

However the most typical use of wheat is to manufacture flour for breads and other baked items. The greatest consumer of wheat flour in the world, the United States consumes around 40% of all wheat produced globally.

Real-time quotes for wheat futures are offered by many different APIs. Yet, not every one of them is dependable or easy to use. In this article, we will expose you to the best API for rates in the future: the Commodities API.

Commodities API

Real-time information on valuable commodities may be available through the Commodities API, which is provided by more than ten different exchange rate data providers for commodities pricing. The API provides a variety of endpoints, each of which has a specific function. The endpoint has the ability to do value conversions, receive time-series data for one or more currencies, obtain the most recent commodity rate data for all or a selected set of currencies, and make API requests for information on daily fluctuations.

In the case when we are attempting to obtain the price of Wheat Futures in May 2023, the type of response you will receive from this API will vary depending on the commodity you’re looking for:

{"data":{"success":true,"timestamp":1681393080,"date":"2023-04-13","base":"USD","rates":{"ZWK23":0.0014858841010401}}}

As you can see from the answer, 1 dollar is equivalent to 0.0014858841010401 grs of wheat.

Wheat, rice, coffee, and sugar are a few of the commodities whose prices are shown using this API. Over 15 reliable data sources, including banks and other financial institutions, instantaneously provide price information. Moreover, Commodities-API provides data in more than 170 different currencies with a precision of two decimal places. You can send up to 100.000 API requests each month, and you can get data updates every 60 seconds, depending on the subscription you select. There is also a free week of testing for this API.

All You Have To Do To Utilize It Is:

• Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
• Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
• Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.