Are you worried about the global situation of the world? With inflation, international conflicts, and rising prices, the world is experiencing times of instability. For this reason, we want to recommend a digital product that will help you anticipate when you want to find out the price of the stock market, it is an API for commodity data.
Basic goods, or commodities, are goods intended for economic usage. Their primary distinguishing factor from other items on the market is that they lack any additional value, are unprocessed, or have any other qualities that set them apart. They are utilized as raw materials to create other products as a result. Chicago’s farmers, who traded their harvests with other customers, helped give rise to the commodities market in the middle of the eighteenth century. As time went on, the farmers themselves continued to negotiate, but now they do so through significant financial institutions and before the harvest.
Energy (oil, coal, natural gas, ethanol), industrial minerals (copper, nickel, or zinc), and agricultural products (wheat, corn, soybeans, coffee, sugar, rice, etc) are some examples of the various types of commodities. The price of these goods could be considerably impacted by a variety of circumstances, including market tension, economic downturn, and agricultural droughts. This is not a little problem; in recent years, the volatility of major raw materials has reached 30% annually. A higher level of volatility means that investors may experience large gains or losses.
For these reasons, it is important to be up to date with the news and constantly check the stock market; which will help you save money. For these cases, we highly recommend using the Commodities-API service, which will help you in this task.
Why should you use Commodities-API?
In the face of global instability, what better than having a service that constantly warns you of what is happening with stock market prices. The main idea is to provide you with information for you to analyze and decide the best time to invest. You will even be able to access the futures market so that you can obtain this type of price, a better alternative to the spot market.
And if you are wondering about the information, we have to tell you that you do not have to worry. For example, if you want to obtain the prices of commodities, you should know that this system works with famous companies and stock exchanges in the world. Would you like to know some examples? Euronext, one of the most famous in Europe, CME Group, one of the most emblematic in the United States and the world, and many more. With this quality of information, it is 100% certain that the prices will be accurate.
But before using this service, we recommend that you read the documentation on the website. This will help you understand how this system works and how to use it. In case you don’t want to read lengthy documents, Commodities-API also offers you a quick start tool to test all API endpoints with the click of a button.
Finally, the connection on this website is very secure. Commodities-API is encrypted using bank-grade 256-bit SSL encryption. This means that it uses the bank’s security system. And if a bank protects its customers’ data with absolute confidence, this system using a similar security system will also do the same.
Also published on Medium.