If you need the best tools to get commodities rates in 2022, in this article we’ll explain three alternatives to Barchart.
Without a question, commodities are the raw ingredients for the services and goods we use regularly. Agricultural, energy, metals, and soft materials are some of the subcategories of these elements.
Items like sugar and coffee, which cannot be kept for long periods, come into this group. These are some of the few asset groups that benefit from higher inflation. When the need for commodities increases, so does the value of products and, as a consequence, raw materials.
Since the international stock economy is impacted by several factors, some commodities may underperform. Political and economic aspects might also represent a risk to investors, based on the commodity and its behavior. There are APIs accessible to extract valuable information about rates and pricing for a range of commodities.
Commodities API
First and foremost, www.commodities-api.com is always the best choice. This is a web page where you can keep track of the pricing of a variety of items. Then, you’ll be able to accurately estimate rates and translate them to your preferred currency. This online API delivers exact rate data in various currencies for a large range of commodities. Commodities-API began as a simple, minimalist Open-Source API for historical and current commodities prices from financial firms.
The API can offer real-time commodity data with an accuracy of two decimal points and a pace of up to every 60 seconds. It is built on a strong back-end architecture that guarantees response times of fewer than 50 milliseconds for defined API requests.
CommoPrices
This API gives you access to over 10,000 commodities and indices’ prices and values. Based on the source, the information may be published online, weekly, or monthly. The more liquid a market is, the more data is available.
You may get the data by visiting www.api.commoprices.com and looking for the commodity you’re interested in. For privacy reasons, they use HTTPS to encrypt requests between your browser and their servers.
Trading Economics
Live data streams for exchange rates, stock market indices, share prices, commodity prices, and government bonds are available from Trading Economics. Thousands of firms’ essential financials are also available. It’s written in many different programming languages. You may use this API to get real-time quotes from the international stock system, download millions of rows of historical data, and query an earnings schedule.