Are you looking for lumber prices in US dollars? We’ll teach you how to get an API in this article.
The lumber industry includes forestry, logging, timber commerce, and the manufacture of primary forest products and wood goods (such as furniture) as well as derivatives for paper production, such as wood pulp. The world’s top wood-producing countries, as well as the world’s leading wood exporters and importers, contribute significantly to the global timber and wood product sectors. According to the most recent FAO estimates, global output and trade of all major wood-based items reached all-time highs in 2018, illustrating the world’s ever-increasing need for timber and wood products.
With this in mind, you should be conscious that acquiring lumber pricing may be critical to the profitability of your business. This information can be received via an API, which is a UI that displays information when it has been collected from a certain location. This gives data on time. Unfortunately, not all of them provide this data at current USD prices.
How To Get An API?
An API (application programming interface) is a technology that enables two or more devices to interact and send data. There are a few pieces of software that can do this, and they can be extremely useful. Unfortunately, not all of them operate in the same manner, so do your research before subscribing to one and wasting your money.
However, if you’re searching for a commodities API to access lumber rates, we recommend Commodities-API because it’s the most comprehensive method in the industry and it’s easy to use.
If you want to test out this API, follow these steps:
- To obtain your API key, go to www.commodities-API.com.
- To start, find the Lumber (LUMBER) and currency symbols you wish to use.
- Using these symbols, identify the item and currency in the list. After you’ve settled on them, make the API call.
- Investigate the most recent price. In addition, the data is provided in a variety of computer languages.
About Commodities-API
Commodities-API, a one-stop API that saves time and money, is one of the most effective market mechanisms available. This API collects costing data from over 15 reputable data sources, including significant bank data, every minute.
Commodities-API can deliver real-time data with an accuracy of two decimal points and a frequency of 60 seconds. Currency values, commodities, exchange rates, time-series data, and volatility statistics are all available.
Lumber, oil and gas, maize, coffee, corn, cotton, crude oil (Brent and WTI), soybeans, and other commodities are among those covered. This API provides accurate commodities and exchange rate data for over 170 currencies, including cryptocurrencies like bitcoin.