Are you interested in investing in cryptocurrencies and soybeans? This post can help you!
Did you know that soy is the most traded product in the world? It´s one of the crops of “low volume” of production, that is, it differs in the type of fast harvest compared to wheat, corn and rice, reaching almost 2200 million tons per harvest. The main producers of soy are the US, Argentina and China, that always produces between 80% of soybeans worldwide.
The agricultural market has grown in production of soybean grains during the last ten years by 44%, going from 222 to 320 million tons, estimated for this year. And the same has happened with the arrival of cryptocurrencies on the market. These digital currencies have started their expansion since 2011 and, currently, investment in cryptocurrencies is quite popular since 22% of the world population has, at some point, put money into them.
The price of cryptocurrencies is often extremely volatile. However, the problems arising from fluctuations in the value of virtual currencies don´t prevent investors from becoming more and more interested. Therefore, we bring you 3 APIs that will help you monitor the price of various commodities, such as soybeans, and decide which cryptocurrency to bet on.
Commodities-API
Seems to be the most advantageous choice. This is a website that allows you to keep track of the pricing of a variety of items. You’ll be able to accurately estimate and convert rates to your preferred currency.
This online API delivers precise rate data in a variety of currencies for a large range of commodities.
Commodities-API started out as a simple Open-Source API for recent and historical commodities prices from financial institutions.
Accurate
The API can offer real-time commodity data with an accuracy of two decimal points and a pace of up to every 60 seconds. Commodities-API is built on a strong back-end architecture that allows for response times of less than 50 milliseconds for defined API requests.
Delivering commodity exchange rates, changing single currencies, and providing Time-Series and Fluctuation data are only a few of the processes.
Secure
To safeguard your connection, the Commodities-API employs bank-grade 256-bit SSL encryption.
Commodities-API is used by thousands of developers, small businesses, and huge organizations on a daily basis. Because of its dependable data sources and 6+ years of expertise, this API is the most popular site for commodity rates.
Commo-Prices
CommoPrices delivers data that is reliable, accurate, and up-to-date. They provide a wide range of goods and raw materials. The more data a market has, the more liquid it is. You may learn more by going to www.api.commoprices.com and searching for the commodity you want to learn about. They encrypt queries between your browser and their servers using HTTPS for security reasons.
Barchart
Barchart was one of the first platforms to provide commodity and futures market information. Is a multinational financial technology firm that serves the financial, media, and commodities industries with market data and services. It provides you with the commodity prices you need, when you need them, and it delivers them now.