Are you looking for wheat rates API in USD? Here we explain to you how to get them.
Investing in wheat is definitely one of the best methods to generate money right now since its consumption grows year after year. This is a cereal grain whose adhesive properties of gluten proteins are enabled for the production of processed foods. This is also a product of global industrialization and the westernization of cuisine.
Wheat output was 772 million tonnes in 2017, and 766 million tonnes are projected in 2019. With this, we can confirm that it is one of the most significant commodities in the world and that it can bring you a lot of money if you invest wisely. To do so, it’s critical to keep current on many forms of rates, such as real-time and historical data.
To achieve that, we highly recommend using an API, which is a technology that connects two computers or programs and allows them to communicate with one another. This implies that when you submit a request to an API, you will receive a response almost immediately.
How To Use An API
An API is found within a software that provides you with it. There are different ones and they support a lot of currencies. But, if you are only interested in USD, then you should be careful with which one you choose, since not every API is the same.
For this specific purpose, we recommend you to use Commodities-API, a free web product that is currently the most complete. This one provides information on commodities such as rice, corn, soybeans, and wheat, among others, in over 170 global currencies.
To get the information, you have to:
1. Enter www.commodities-API.com and sign in to get your own API key.
2. Search for the symbols of wheat and United States dollars. These are WHEAT and USD.
3. Use these symbols to find the commodity and currency in the list. Once you choose them, make the API call.
4. The website will return you an API in various programming languages that you can adapt and use and adapt however you like.
The result will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "WHEAT",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Can You Trust This Information?
Commodities-API collects its information from banks and the stock exchange. It then gives it to the user with an accuracy of two decimal points. To protect your privacy, it also uses bank-grade 256-bit SSL encryption.
This API provides midpoint data, which is generated by averaging the median bid and ask rates for a certain time period. Currency and commodity price conversions use the same API endpoints and may convert any amount from one currency to another, from one commodity to any commodity, or from any currency to any currency.
Also published on Medium.