Do you need a platform that provides with fast and precise commodity market data? Read this article and find out how to use these three options of commodities rates API with a few clicks!
Commodities, including such oil or sugar, are occurs spontaneously resources or items that are gathered and processed for use in human activities. Although basic resources are essential for the creation of food, energy, and clothes, they serve as the foundation of our society.
Commodities are frequently industrially and regulated in terms of content and amount, which implies that they are priced the same regardless of who created them. With us, you may choose from over 35 commodities or a variety of resource equities and ETFs.
1. Hard Commodities: These are mined or harvested natural resources from the ground, such as bullion, oil, and natural gas.
2. Soft Commodities: These are necessities that are cultivated and produced (for example, coffee, wheat, and timber) or raised (for example, hogs and cattle).
Products may also be classified into more precise categories to account for their various functions or the procedures associated in their manufacture. Among these groups are:
- Traditional Energy Sources such as crude oil, petrol, and heating oil are examples of energies.
- Alloy Materials: a class of mined commodities that includes bullion, iron, bronze, and rhodium.
- Agricultural Goods include those cultivated for human use, such as sugar and coffee, as well as clothes and building materials.
- Livestock And Meat: animals raised for food, as well as goods such as leather and pectin. They are distinct from agricultural items in that they are not produced.
On the internet, there are many platforms that can provide you with this type of information with great speed, without complications and with few steps to follow. These three programs below are the best on the web for traders:
Commodities-API
Commodities-API It is an accessible and open API that provides inflationary pressures such as wheat, rice, coffee, and sugar. Visit the website, obtain an API password, and then select the appropriate currency and commodity to obtain the data. That’s all there is to it, and you may use the API anyway you see fit. The Commodities-API can provide data in whatever currency you choose, with two decimals of precision, from a database of over 170 possibilities. Every month, you may perform up to 100.000 API requests and receive data updates every 60 seconds.
CommoPrices
Commo Prices platform gives rise to over 10,000 commodities and benchmarks’ pricing and ratings. According to the source,, the data may be updated daily, weekly, or monthly. A industry’s fluidity is determined by the amount of data it contains. Anyone may discover more about a commodity by visiting www.api.commoprices.com
Barchart
Among the earliest portals to provide asset and derivatives data feeds was Barchart, a global economic information company that provides market data and services to the financial, media, and commodities industries. While its media businesses give website information, news, and periodicals to help financial and commodities professionals make choices, Barchart’s unique data, software, and technology solutions power the operations of its varied client base from front to admin team.