Would you like to get more involved in the commodity business? Well, for that, you first need a platform to find out the prices. Fortunately for you, an amazing tool that will surely help you. It is the best Commodities prices API.
In the financial markets, one of the most traded and famous assets is commodities. These are basic level goods, which are used as components of more complex products. They are also known as raw materials, since they are found naturally throughout the globe, such as wheat, corn, coffee, wood, crude oil, or natural gas. Commodities are divided into the following categories: energy (oil, natural gas, coal), metals (copper, iron, aluminum), food (corn, rice, oats), and meat (cattle, pigs, butter, and milk). Although other more complex classifications can also be found, such as softs, financials, indices, and currencies.
Because they are raw materials, commodities adapt to the stock market as lower-risk products, therefore their value increases according to the increase in demand. A commodity is a good that has a very high value and utility, as well as a low level of processing. Therefore, transactions can be carried out quickly since they are vital inputs for the production of other goods and services. The purchase of commodities is a very attractive investment that can generate good returns in the medium and long term. On the other hand, being a market in constant change, it is recommended to maintain continuous monitoring since prices could be modified by droughts or international conflicts such as the War between Russia and Ukraine.
If you want to get involved in this business, you should know that many commodity exchanges offer the prices of many products daily. But, we recommend you to use the Commodities-API service since it is much simpler and easier to use.
Why Commodities-API?
If what you want is to get involved in the commodity business, one of the best options to find market prices is thanks to Commodities-API. Its function is to collect data from 15 sources, such as banks and financial centers, quickly and efficiently, to provide you with 100% true data. This service is so fast that we can obtain updated data every 60 seconds and with a precision of 2 decimal places. In this way, we will save time and money, in times when volatility reigns in the market. And don’t worry about your country of origin, for your comfort you will be able to see the prices in the currency of your country, whatever it is.
How much do you have to pay to use this service?
Believe it or not, it’s free! Or at least you can use it without having to pay anything. But there are also paid plans that take full advantage of the Commodities-API capabilities. But don’t worry if you change your mind or your needs increase, you can always modify the plan to upgrade or downgrade. At first, we recommend a paid subscription as the time between request and response is shorter and the chances of making API calls are much higher. If you have any questions, send a message through the contact form and the customer service team will be with you shortly. Urgent requests are usually handled within minutes.
Also published on Medium.