Do you know that you can obtain hard and soft commodities market data? All with the help of a commodity rates API! Check out these three options we have for you today!
In the commodities market, you can trade a wide range of things, some of which you cannot possibly imagine. But, before we go into the different types of commodities on the market, let’s first define what they are and how they work.
There are an endless number of substances and sources on the earth, including raw materials used to make things for daily and commercial usage. Because these basic resources, known as consumables, are in great demand and may fluctuate in commercial transactions of purchases and sales, consumers may earn extra money by gambling on them.
API for commodities data is a tangible substance that can be exchanged, purchased, or sold in its most basic form. They are widely employed as raw materials in the production of more complex goods. Petroleum, for example, is an important component in the manufacture of plastic polymers.
Buyers and sellers in national and international markets can swap these products for cash or other currencies. Commodities currency api, on the other hand, can be exchanged for comparable products.
In the sense that they can be planted, raised, and harvested, these are agricultural commodities. This includes grains like wheat and corn, as well as sugar and coffee. Meat and dairy goods are included as well. These are things that are created and consumed in countries all over the world, but each commodity has key manufacturing and consumption zones that you should be aware of.
That is why, in order to stay current on commodities market pricing and fluctuations, whether harsh or mild, you must use a platform that provides daily updates on these swings. We can help with this by offering three API commodity rate options:
Commodities-API Its extensive API gives market pricing for a wide range of commodities such as wheat, rice, coffee, and sugar. To subscribe to the database, first go to the site, obtainan API key, and then choose the right currency and commodity. That’s it for the API; you can do whatever you want with it. The Commodities-API can offer content in any currency you choose, to within two decimal points, from a list of over 170 options. Customers have the ability to send up to 10,000 API calls each month and receive data updates every 60 seconds.
The CommoPrices API allows users to purchase and sell over 10,000 commodities and indexes directly. Depending on the company, the data may be updated daily, weekly, or on a regular basis. The amount of information that an organization stores is determined by its movement. By visiting www.api.commoprices.com, anyone can learn everything there is to know about a specific commodity.
Barchart, a global banking software company that provides market data and services to the financial, media, and commodities industries, was among the first to provide statistics on commodities and futures markets. Despite the fact that its content suppliers supply internet services, news, and magazines to help financial and commodities professionals make decisions, Barchart’s specialist data, software, and technology solutions power the operations of its diversified customer base from front to admin team.