Don’t know where to learn how to invest in Commodities? Do you know that you can have benefits for doing it? Learn everything by reading this article about this free commodities prices API!
To be profitable, a successful trading operation requires cash. The short-term uses of capital are reflected in a company’s investment commodities. This short-term fund consumption examines the firm’s diverse needs, which span from resource management to administrative functions. Liquidity is utilized to purchase stock, which when sold results in a liquidity inflow, either immediately or with a time lapse in the case of credit sales. The rate of current asset turnover in proportion to overall sales over a certain time period is essential to the total monies invested in those assets.
Now that you know that you can easily invest and receive benefits for it, you also have to understand how making an investment online works. There are platforms that will help you by giving you the monetary data you need to stay informed and updated regarding the prices and products you choose. For this, we recommend this platforms:
Commodities-API
Commodities-API It’s a free public API that shows you the price of commodities including coffee, rice, sugar, and wheat. The Commodities-API can provide data in whatever currency you choose, with a 2 decimal point precision, from a list of over 170 possibilities. Each month, you may obtain 60-second data updates and conduct 100.000 API requests.
The best part about this platform is that you can acquire the data by just logging in to the website, receiving an API key, and then selecting the appropriate currency and commodity. That’s all there is to it, and you may use the API anyway you choose.
Currency and commodity prices may be converted using the same API endpoints, and any amount can be converted from one currency to another, as well as from one commodity to another, and from one currency to another. For all commodities and exchange currencies, the API delivers midpoint data. The midpoint rates are calculated using the average median bid and ask rates over a period of time.
Barchart
Barchart was one of the first websites to offer commodity and futures market data. Is an international financial technology corporation that provides market data and services to the financial, media, and commodities industries.
The unique data, software, and technology solutions that power their diverse client base’s operations from front to back office are one of the benefits of the Barchart website, while its media brands provide web content, news, and publications to help financial and commodities professionals make decisions.
CommoPrices
This API’s benefit is that it gives you access to over 10,000 commodities and indices’ prices and values. Depending on the source, the data may be updated daily, weekly, or monthly. A market’s liquidity increases as more data is available.
You may find out more by visiting www.api.commoprices.com and looking for the commodity you’re interested in. For security reasons, they encrypt queries between your browser and their servers using HTTPS.