Are you looking for low cost alternatives to Commoprices for commodity data? If so, you are in luck! Here are three of the best APIs!
Commodities are a sort of investment that may be employed in the modern world to gradually enhance your wealth. This is because, there will always be a demand for them since they form the foundation of all the goods; and services we currently find in the world. Additionally, there are many different commodities available on the market from which to choose; like coal, coffee, oil, natural gas, etc.
As a result, keeping up with commodity prices is the first thing you should do whether your business deals with commodities; or if you are interested in investing in commodities. You may make secure investments that will enable you to save a lot of money if you are well-informed. Fortunately, using an API for commodities prices and commodity data is one of the easiest approach to stay current with these prices.
Which Are The Best Low Cost Alternatives To Commoprices?
Using an API for commodity prices is the quickest and most straightforward approach to immediately find correct prices from trustworthy sources. This application gathers information on commodities from reliable sources and quickly transfers it to your software.
However, not all of the APIs that are readily available today are safe or reliable. This is because they can originate from dubious API vendors! Not to mention that not most of them are affordable or easy-to-use, like Commonprices. This is why, to help you get started with an API for commodities prices; we’ve compiled information on three of the top APIs currently available on the market!
Commodities-API
A well-known and reliable API called Commodities-API displays the prices of numerous commodities; such as wheat, rice, coffee, and sugar. This one is currently the top choice for many developers and businesses that look for accurate commodities data. It instantly makes price information available to you after collecting it from more than 15 trustworthy data sources; including banks and financial institutions.
Furthermore, all commodity data is given in real time; with a frequency of up to 60 seconds and accuracy to two decimal places in more than 170 different currencies! Commodities-API currently offers three different plans; with the proffesional one allowing you to submit up to 100.000 API queries each month; and receive data updates every 60 seconds!
Barchart’s Commodity Data API
Barchart is a very popular commodity service that has been for quite a while now. Its website is among the earliest websites to disseminate information on commodities and futures markets. This service is currently beign offered by a global banking software provider; which also provides market data and services to the commodities, financial media, and other industries.
The operations of Barchart’s wide range of clients are driven from front to backend by its own data; software, and technological solutions. Additionally, its entertainment businesses include news articles, periodicals, and internet information to assist market and financial experts in making decisions.
Nasadaq Data Link’s Commodity Price API
Nasdaq Data Link is another well-known website that’s perfect to find financial, economic, and alternative datasets. It offers several financial data APIs including a Commodity Price API. With this API at your disposal you’ll have access to nearly 100 different commodities; including the values of gold, silver, and oil.
Furthermore, you’ll also have access to daily spot prices and past commodity prices through this straightforward API. There is no doubt that one of the simplest method to search; and download commodity prices is through Nasdaq Data Link; which has a variety of software tools, including R and Python.
Related post: Use An API To Obtain Commodities Spot Prices In 2022