Arabica coffee is a variety of coffee that is grown in the highlands of Ethiopia and is one of the most popular varieties of coffee in the world. Arabica coffee has a milder taste than other types of coffee, such as Robusta, and it is also known for its smooth, rich flavor. Over the next few centuries, Arabica coffee became popular around the world. Today, it’s the most popular type of coffee in the world; with over 70% of the market share.
If you’re trading Arabica coffee futures, it’s important to know everything you can about this product market. This way, you can make sure you are making the most informed decisions about your investments. However, collecting all of this information can be time-consuming and difficult if you don’t have the right tools. That’s where an API comes in. In this case, an Arabica coffee futures API will allow you to access information about the latest rates of Arabica coffee prices from around the world without having to do all of the research yourself.
There are many APIs available on the internet, but not all are easy to use or reliable. After all; some APIs are outdated or don’t work as they should. That’s why we recommend using the commodities API. This is a reliable API that will give you accurate information. Keep reading to find out more about this API.
Commodities API
The commodities API will provide you with all the information you need about the Arabica coffee market. This will include its latest rates and prices, historical data, fluctuation data, and more. Overall, this API will give you everything you need to know about this variety of coffee so that you can make an informed decision about your business. Moreover, the commodities API supports other assets, so it can be used to analyze other markets.
In addition, the commodities API is way more reliable than their human-written counterparts because it is written by programmers who specialize in creating APIs. So you are guaranteed that the information you are provided is reliable. Finally, it can save time and money for upcoming developers by preventing them from constructing a whole system from scratch.
Start Using The Commodities API
With the commodities API, get all the information you desire about any commodity in just a few clicks.
- Set up an account at the commodities API website.
- In regards to the asset to be analyzed, (insert the appropriate symbol) and choose the endpoint and currency.
- Run the API call, and wait for the information.
To better illustrate this process, in this case, we want to evaluate the Arabica coffee continuous contract’s latest rates. Therefore, we chose the “latest rates” endpoint and inserted “KC00” as the symbol to be analyzed along with the currency “USD“. After running the API call, we got:
{"data":{"success":true,"timestamp":1686631320,"date":"2023-06-13","base":"USD","rates":{"KC00":0.0053777897284216},"unit":{}}}
According to the answer given above, one US dollar is equal to 0.0053777897284216 Arabica coffee units.
The commodities API is a platform that opens up knowledge for success in Arabica coffee and other assets. Now that you know how to make use of it do not hesitate and start exploring Arabica coffee’s continuous contracts!
