If you’re searching for a way to obtain soybean prices in Japanese Yen employing an API, you need to read this article!
Glycine max, also known as soybean or soya bean, is an East Asian legume produced for its edible bean.
In a nutshell, soybeans are processed for their oil (which has a wide range of uses) and their meals (which is used for the animal feed industry). Soy milk, soy flour, soy protein, tofu, and a variety of commercial meals are produced from a smaller percentage of the soy crop.
Soybean-based non-food (industrial) products are also available. They also include oil and protein, as well as the ability to aid in the prevention of diseases like cancer.
Brazil, the world’s leading soybean producer, produced more than 125 million tonnes of the crop in 2018. The United States came in second with about 120 points, followed by Argentina with over 40.
If you invest in this type of product, you should be aware of the importance of staying current with daily dynamic pricing. Use Commodities-API, a programmatic interface that retrieves data from a place and returns it to the person who initiated the API call, to do this. This tool can be used to find soybean rates in Japanese Yen and track how they perform in the market.
Why Commodities-API?
Commodities-API is a service that lets you track the prices of a variety of commodities, such as soybeans. This way, you’ll be able to forecast prices and convert them into the currency of your choice. Rice, wheat, coffee, corn, sugar, natural gas, Brent crude oil, WTI crude oil, and a range of other commodities are also supported by this platform.
Furthermore, Commodities-API is a piece of software that collects and verifies data from banks and the stock market. When you submit an API call, the data is returned to you with a precision of 2 decimal points and in a variety of programming languages. Furthermore, this program secures your connection with bank-grade 256-bit SSL encryption.
Also, for currency and commodity price conversions, the same API endpoints are utilized, 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 to use it?
You need to execute the following to obtain the API with soybean rates in Japanese Yen:
1- Go to www.commodities-API.com to get your personal API key.
2- Look for the symbols SOYBEAN and JAPANESE YEN.
3- Using these symbols, locate the commodity and money in the list. Once you’ve settled on them, make the API call.
4- Look for the most recent and accurate costs. The website will provide an API in a variety of programming languages that you can alter and use in any way you choose.
Also published on Medium.