Nowadays, there are many ways to get the prices of lumber but the most effective is to use a Python API. Keep reading because we will explain how to use an API and the benefits of using it.
First, lumber is an important commodity for many industries because it is used to make paper, build buildings, and for other purposes. We know the prices of commodities are changing because of the pandemic and the Ukraine war. That’s why it is necessary to stay updated with the prices in order to analyze how the prices increase or decrease.
An API can be the best tool for investors or entrepreneurs due to the fact that they can obtain information in real-time. But, what is an API? The abbreviation means application programming interface, in simple words, an API extracts data from another software and then you receive all the data.
Finding a python API is a task because not all the APIs offer the data in different programming languages such as JSON, Python, and PHP. We know that python is required for developers because they use it on a daily basis. As a consequence, we recommend using Commodities-API which is one of the most complete APIs in the market and it is simple to use.
To get lumber prices, follow these steps:
- Go to www.commodities-API.com and get your personal API key.
- Select the Lumber and currency symbols that you want to use.
- Use these symbols to locate the goods and money in the list. Once you’ve settled on them, make the API call.
- Find out what the most recent rates are. Furthermore, the data is available in a variety of programming languages, including JSON, PHP, and Python, which you may modify and use anyway you like.
Commodities-API can be really useful for developers because they can obtain all the data in Python, JSON, and PHP. Besides, this API provides prices of different commodities such as natural gas, wheat, coffee, corn, and among other things.
Every minute, this API gathers pricing data from over 15 reputable data sources, including banks and financial data. Commodities-API gives you access to reliable commodity and exchange rate data for over 170 different currencies, including Bitcoin and other cryptocurrencies.
Commodities-API is recognized for providing data in real-time with a precision of 2 decimal points and a frequency of 60 seconds. Exchange rates, precious metals, currency conversion, time-series data, and volatility statistics are all available.
Also published on Medium.