If you’re looking for a way to acquire soybean live prices employing an API, you’ve come to the right place.
Glycine max, sometimes known as soybean or soya bean, is an East Asian legume grown for its edible bean, which can be used for a variety of applications.
In a few terms, Soybeans are processed for their oil (which is used in a range of applications) and for their meals (which is used for the animal feed industry). A smaller proportion is processed for human consumption, resulting in foods like soy milk, soy flour, soy protein, tofu, and a variety of commercial food products. Soybeans are also found in a variety of non-food (industrial) goods. Furthermore, they provide oil and protein, as well as the potential to help prevent diseases such as cancer.
If we are talking about the biggest country soybeans producer, Brazil has produced the most soybeans in 2018, with more than 125 million tonnes. It was followed by the United States, which had over 120, and Argentina, which had about 40. Because of the extensive use of soybeans and their production, soybean ETFs have shown to be fairly trustworthy and simple to learn about for future investments.
If you are planning investment in something like this, you should know how necessary it is to follow up the live prices of the market. To achieve this, you need to try Commodities-API, which is a programmatic interface that takes data from a location and returns it to the person who did the API call. With this platform, you could search for live soybeans rates and see how it performs in the market.
Why Commodities-API?
Commodities-API is a website where you can track the prices of a variety of items such as soybeans. In this way, you’ll be able to predict prices and convert them into your preferred currency. Also, rice, wheat, coffee, corn, sugar, natural gas, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a range of other commodities are supported by this platform.
Commodities-API is a software program that collects data from banks and the sharemarket, certifying its authenticity. After you make the API request, it returns the data to you with a precision of 2 decimal points and in a variety of programming languages. Furthermore, this application protects your connection with bank-grade 256-bit SSL encryption.
Also, the same API endpoints are used for currency and commodity price conversions, 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?
If you want to get live soybeans prices, you need to do the following:
- To get your unique API key, go to www.commodities-API.com and sign up.
- Look up the symbols for soybeans and the currency you want to employ.
- Use these symbols to find the commodity and money in the list. After you’ve settled on them, make the API call.
- The website will provide an API in a variety of computer languages, which you can change, use, and adapt as needed.
Also published on Medium.