Do you need to get commodities market data for your company? Read this article and integrate these three commodities prices API in your workplace website to stay updated with any movement!
Metals, crude oil, and precious metals are a few examples of commodities. These are the raw elements that drive the world economy. Intelligent traders can benefit from their constantly fluctuating prices, but commodities dealing needs specialized expertise and may be riskier than trading in more fixed income securities like equities and treasuries.
Grain, gold, cattle, oil, and natural gas are a few examples of commodities that are more commonly used today. Furthermore, financial items including foreign currencies and indexes have been added to the concept.
Commodities, such as agricultural goods, mineral ores, and fossil fuels, are raw materials that are utilized to make completed items. Contrary to securities like equities and treasuries, which only existing as derivatives assets, commodities are tangible objects that are acquired, sold, and transferred on capital sector. Four major categories of materials exist:
- Energy. Coal, ethanol, natural gas, and crude oil are all part of the energy market. Sustainable energy sources like solar and wind power are also included in the term “energy.”
- Metals. Precious metals like gold, silver, palladium, and platinum as well as commercial metals are considered commodities.
- Agriculture-Related Goods. Agriculture includes both food and non-edible commodities, such as chocolate, corn, sugar, and wheat.
- Livestock. All living creatures, including cattle and hogs
In order to maintain efficiency when it comes to obtaining updated commodity data without any problems, we will give you the recommendation to choose platforms that many investors and traders choose, such as these:
Commodities-API
Commodities-API A variety of commodities are offered through this user-friendly and easily available API, such as grain, corn, sugar, and chocolate. Visit the website, create an API password, then select the right currencies and items to gain entry to the metrics. Anyone is permitted to employ the API; there aren’t any limitations. The Commodities-API offers data to two decimal places in over 170 different currencies, depending on what you require. A system can share 10,000 API calls per month and accept inbound packets once in every minute.
Barchart
Some of the earliest businesses to offer trade and contracts database streams was Barchart, a leading supplier of business information that provides industry data to businesses in the finance, media, and commodities sectors. Although Barchart’s media groups offer internet-based data, news, and publications to aid financial and professional experts in deciding, the activities of its wide range of clients are powered by its own analytics, information, and tools techniques.
Trading Economics
Trading Economics also broadcasts data on bonds, index funds, asset prices, and exchange rates. Additionally, basic funding is available to many more businesses. Users can quickly access information by using an application programming interface (API), which is accessible in many programming languages. Using API, you can have access to an earnings calendar, download millions of rows of historical data, and subscribe to real-time quotes from several global economic marketplaces.