Do you want to get lumber rates in real-time? You should try with an API. In this article, we explain how to obtain it.
The wood business, often known as the lumber industry, is involved with forestry, logging, timber trading, and the manufacturing of primary forest products and wood items (such as furniture) as well as secondary products for the pulp and paper industries, such as wood pulp. Some of the most powerful producers are also among the most powerful landowners. Many economies have traditionally relied on the wood industry, and it continues to do so today.
Because of all of these factors, this commodity is useful to several sectors since it can be used for a variety of reasons, so if you’re thinking about investing in lumber or want to remain up to speed on the pricing of this commodity because it affects your company, keep reading.
An application programming interface (API) is the ideal way to accomplish so since it enables you to access specific information in real-time that you can then send on to your clients or use to create a report. With just a few clicks, you can access current prices, historical pricing, and fluctuation statistics from the most well-known sources.
Nevertheless, if you’re looking for a commodities API, we propose using Commodities-API to get lumber rates because it’s the most complete approach in the business and it’s simple to use.
If you wish to test out this API, take the following steps:
- Visit www.commodities-API.com to get your API key.
- You’ll need to find the Lumber (LUMBER) and currency symbols you want to utilize.
- Find the item and currency in the list using these symbols. Make the API call after you’ve decided on them.
- Look up the latest up-to-date rates. Furthermore, the data is available in different programming languages, including JSON, PHP, and Python, which you can modify and use however you want.
More About Commodities-API
Commodities-API, an all-in-one API that saves money and effort, is one of the most competent commodity rate solutions accessible. Per-minute, this API gathers price data from over 15 reputable datasets, such as financial institutions’ information.
Commodities-API can provide real-time information with a two decimal point precision and a 60-second frequency. Currency values, commodities, currency conversion, time-series data, and fluctuation statistics are all available.
Lumber, oil and gas, maize, coffee, corn, cotton, crude oil (Brent and WTI), soybeans, and a variety of other commodities are all included. This API gives you access to reliable commodity and exchange rate data for over 170 different currencies, including cryptocurrencies such as bitcoin.