As a ‘’soft’’ commodity, corn prices vary on a daily basis because of stock levels and market changes. That’s why you should be up-to-date.
Useful
Corn is a cereal plant and consumable grain originally from Mexico. However, today is one of the most widely dispersed commodities on the planet. It can be eaten, utilized as raw material, and even used as a burner.
Rates
Nevertheless, corn prices can fluctuate because of demand levels, weather conditions, and, of course, petroleum prices that may affect transportation costs.
The pricing of the goods we use on a daily basis is, without a doubt, based on raw material costs. Market rates, on the other hand, fluctuate in reaction to changes in supply and demand.
Indeed, because markets have a global impact, commodities investment is a great way to prevent inflation.
Smart
If you’re looking to invest in this business, though, you should be aware that keeping up with corn rates is crucial to your success.
It’s also crucial to pay attention to spot prices. An API is, without a doubt, the most convenient approach to acquiring such data. When you request spot pricing for a certain commodity, the interface will respond with the desired result.
JavaScript
The simplest way to obtain current and historical data is to use an automated system that provides us with the information in a clear way. Furthermore, using a programming language will allow users to integrate the data with other software, such as apps.
A JavaScript object syntax-based text-based structured data encoding standard. It’s often used in web applications to send data.
You can use a website to keep track of the pricing of a number of different commodities. Finally, you’ll be able to precisely compute prices and convert them to the currency of your choice.
Commodities-API
This site compiles data prices from around the world in a range of currencies from a variety of sources and organizations. Commercial sources are frequently preferable, especially for big currencies and commodities, because they better reflect market exchange rates.
Commodities-API originated as a modest, minimalist Open-Source API for financial institutions’ recent and historical commodity prices.
Accurate
The API can provide real-time commodities data with a two-decimal-point precision and a 60-second frequency. Commodities-API is designed on a solid back-end architecture that guarantees high availability and response times for defined API calls of fewer than 50 milliseconds.
Safe
The website encrypts your connection with bank-grade 256-bit SSL security.
Commodities-API is used by thousands of developers, small businesses, and huge corporations on a daily basis. Because of its solid data sources and 6+ years of expertise, this API is the most popular.
Endpoints
The API has multiple endpoints, each of which serves a specific purpose. Endpoint functions include getting the most recent commodity rates data for all or a specific set of currencies, converting numbers between currencies, retrieving Time-Series data for one or more currencies, and querying the API for daily fluctuation data.
Also published on Medium.