Do you wish to get live oats rates for free using an API? In this post we recommend the best for this purpose, stay reading and you will know how to get it.
Oats are tough cereal grains that can resist harsh circumstances that make it difficult for other cereal crops to grow. The cereal grain is one of the world’s healthiest grains, and it’s advised for persons with problems like low blood sugar and chronic heart disease. Its groats are the unprocessed form of oats that require longer to cook than processed oats. It has a variety of culinary applications.
Russia is the world’s leading oat producer, responsible for more than 20% of global output. It produced 4.02 million metric tons of oats in 2013. Canada and Poland are also important oat growers, producing 2.7 million metric tons and 1.4 million metric tons, respectively, in the same year. The top five oat producers in the globe were Finland (1.15 million metric tons) and Australia (1.05 million metric tons). These top five countries generated nearly half of all oats produced worldwide.
Knowing that this commodity may be found on many breakfast tables across the world, we can conclude that it is an essential component of the basic basket. With all of these considerations in mind, if you want to invest in the oat market, you need to keep track of its price daily. By keeping an eye on price fluctuations, you can determine the optimal time to buy this commodity to maximize your profits. An API will make this work easy for you.
What Is An API?
It’s a system that allows two or more devices to communicate with one another. ATMs, internet banking, social media, and other places use it. It may be included in web designs by programmers.
Commodities API is the API you may utilize in this instance. It’s an agriculture rates API that pulls oat prices from the most credible sources throughout the world every minute. You may also look at past rates to see what the finest market prospects are.
Follow these steps to utilize it:
- Set up an account at www.commodities-api.com to acquire your API key.
- Look into the commodities and currencies that interest you, such as oats in this case.
- When you’ve acquired both, request the API using both.
- The program will respond with a response that you may modify and use as needed.
Commodities-API It’s a simple open-source API that allows you to retrieve present and historical commodity rates from institutions and stock exchanges. The API may offer commodity data in real-time with a two-decimal-point precision and a 60-second frequency. Commodities-API is built on a solid back-end structure that delivers complete functionality and reaction speeds for specified API requests of less than 1 minute.
Commodities-API protects your session with bank-grade 256-bit SSL encryption. Thousands of professionals, small businesses, and large corporations utilize the Commodities-API regularly. It’s a CME Group rates API, and because of its trusted data sources and six years of experience, it’s the most useful website for commodity rates.