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I Stopped Using Barchart For Commodity Data, Now I Use This

Do you use Barchart? Are you interested in an alternative to this website? Read this article to find a similar site!

A commodity is a raw resource that is utilized in the manufacturing of completed items, whereas a product is a finished good that is sold to customers. A commodity that can be farmed, harvested, or mined has no additional value.

One of the earliest websites to offer data on commodities and futures markets was Barchart. Is a worldwide financial technology leader that serves the financial, media, and commodities industries with market data and services.

Barchart’s proprietary data, software, and technology solutions power the operations of its diverse customer base from front to back office, while its media brands provide financial and commodities professionals with online content, news, and magazines to aid in decision-making.

The platform has a direct access to the markets it covers, such as stocks, futures, options, indexes, and foreign currency, as well as dozens of news providers and other data sources. But if you have been using this platform for a long time and want to obtain monetized data to test a new website, we recommend the use of Commodities-API.

What Is Commodities-API?

It’s a website that sells monetized data on things like coffee, cereals, and oils, among other things. It obtains them via an API, which is accomplished in under a minute by establishing relationships with financial institutions.

How Is It Used?

The advantage of Commodities-API is that it is a highly user-friendly website. Take the following steps to do so:

• Visit the website and register for an account.

• Choose your currency and product

• Create an API key that is unique to each user

• Get an API-request on the dashboard, and the software will respond with an API-response, and you’re ready to go!

It Is Safe?

Yes, the Commodities-API uses SSL encryption to secure web-to-web connections. This form of security is used in financial institutions. This API, in turn, obtains data from financial institutions or even the World Bank.

What Is The Information’s Source?

Every minute, the API of this site receives data on commodities and currency prices from more than 15 reliable data sources. Among the sources are banks and financial data companies, as well as the World Bank.

Is It Possible To Get Previous Month’s Reports?

Yes, you may access reports on the platform for days, weeks, months, and even years prior to August 2021. To do so, go to the drop-down box and choose “historical rates,” then input the date in digital format (YYYY-MM-DD) in the URL.

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