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Easily Get Rice Rates From CBOT

Are you from Chicago, United States? Need to get Chicago Board of Trade (CBOT) rice prices? Well, if this is your situation, we have an API that will help you with this problem. It is the best commodities rates API.

Of all the cereals on which the human diet is based, rice is the cereal consumed by the largest number of people. In Japan, China, India and Indochina, the traditional food for billions of people is based on rice. In addition, it is the second most cultivated cereal in the world after corn, but 95% of world rice production is concentrated in Asia. Most rice is grown underwater in submerged fields called paddy fields. Roots sprout from the seeds planted in these rice fields, which are fixed to the ground. The grain of rice is born inside numerous spikes that develop in the upper part of the stem of the plant.

There are different types and varieties of rice. White rice is, without a doubt, the most used type in kitchens around the planet. Its grain is short or medium in size and has a high starch content. Brown rice is one of the healthiest and healthiest for our body, a good option for those who want to have a healthy and balanced diet. Black rice, in addition to being used for decoration and adornment of dishes, is known to contain certain properties that are very good for health.

Although the United States produces a little rice, it is not enough to supply its more than 300 million people. This is why it must import thousands of tons from countries in Asia such as China or India, for example. One way to keep up to date with the price of rice, especially if you live in Chicago, is to check with the Chicago Board of Trade (CBOT), a member of the CME Group and one of the world’s oldest futures and options exchanges. However, there is a way to access these prices much more quickly and easily. Its name is Commodities-API, one of the best CME group rates API.

Why Commodities-API?

This service started as a simple and lightweight open source API (Application Programming Interface) for current and historical commodity rates published by banks and stock exchanges. One of these sources of information is the Chicago Board of Trade (CBOT), which certifies the 100% accuracy of the information obtained. In addition, all rice prices will be obtained in real time with a precision of 2 decimal places and a frequency of up to 60 seconds. In other words, in just 1 minute we can update prices and avoid unexpected changes in rice, saving time and money.

In fact, it’s used by thousands of developers, SMBs and large corporations every day. Companies like Barrick, Glencore, Chainlink, Mansour, are some of his regular clients.

How much do I have to pay to use this service?

Surely the most important question for some people. First of all, the service is free, but with some limitations, since it does not take full advantage of the Commodities-API capabilities. But if your needs and goals are few, surely the free plan will help you. Don’t worry though, the basic and pro plans include better features. Their prices are 15 and 50 dollars per month, respectively.


Also published on Medium.

Published inAppsApps, technologyTechnology

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