Are you looking for an easier way to obtain commodity real-time data in 2022? If so, here are three tools that can help you!
Because of their versatility and fluidity, commodities have been widely regarded since the beginning of mankind. These materials are used in the financial and industrial sectors as a reserve of value in commercial transactions or as an exchange for other goods. In addition, because commodities are generally raw materials with little added value, they are simple to trade and invest in.
However, in order to thrive in this market, it is essential that you can access accurate commodity data. One way to do so is to go to various brokers or banks to compare their information and determine the best course of action. However, as you can imagine, this method is very exhausting and requires a significant amount of effort and time on your part. Fortunately, there is an easier, faster, and more efficient way to obtain this information; simply use an API for commodity data!
Which Commodity Data API Should You Use?
Since an application programming interface (API) is the easiest and most efficient way to obtain real-time data on commodities; many businesses relys on them to get accurate information for their financial decisions. However, even though an API is the best option, not all the APIs available on the Internet are safe-to-use. Some of them might offer unreliable information, and others are more expensive than effective.
Overall, you have to be careful when choosing an API for your business. So, to help you decide which API is the best for you, we have listed three of the most reliable APIs in 2022. These will help you obtain commodity real-time data easily and quickly!
Commodities-API
Commodities-API is a JSON API that offers accurate and real-time data on commodities; as well as currency conversion. Many international companies already use Commodities-API to improve their financial decisions; due to its great experience in this market as well as its easy-to-use structure.
All commodity data is provided in real time, with updates occurring every 60 seconds. Furthermore, it is accurate to two decimal places. As a result, Commodities-API will allow you to monitor changes in commodity prices with minimal effort!
CommoPrices API
CommoPrices API provides accurate, up-to-date commodities data. It offers access to a broadest range of commodities and raw materials indexes’ prices and values. Depending on the source, the data may be updated daily, weekly, or monthly.
This API is currently used by a wide range of clients, ranging from small businesses to publicly traded corporations, and across all industries (food, chemicals, platics, industrial manufacturing to name a few).
Barchart
Barchart is an international financial technology company that provides market data and services to the financial, media, and commodities industries. Its website media brands offer web content, news, and magazines to financial and commodities professionals to aid in decision-making.
Whereas, Barchart’s data, software, and technology solutions power the operations of its varied client base from front to back office.
Related post: How Investors Can Benefit From An API For Agriculture Prices
Also published on Medium.