Are you looking for alternatives to Barchart API available online in 2023? If the answer is yes, you are in luck! Here are the best three alternatives!
Changes in supply and demand, as you may know, have a substantial impact on commodity prices. Consider how the price of an agricultural product frequently decreases when it is harvested in large quantities. Price rises, however, take place if there is a possibility that a contract will fail. This usually occurs, because buyers must spend more to obtain the resources they require.
As a result, accurate and trustworthy information on commodities prices is essential for anyone thinking about trading; or investing in these items. Fortunately, people can obtain data on commodities within seconds thanks to an API for commodities prices.
Which Alternatives To Barchart API For Commodities Prices Are The Best In 2023?
There is no question that using an API for commodity prices and data is the simplest and quickest approach to immediately find correct figures from dependable sources. This tool gathers common information from reliable financial sources and quickly provides it to your software.
However, not all of the APIs available today are safe or reliable. This is due to the possibility that their API vendors are dubious. Not to mention that some of them, like Barchart’s API for commodity data, are very pricey and challenging to use. So, to help you get started with an API for commodities prices, we’ve gathered information on three of the top APIs currently available.
Commodities-API
Commodities-API is one of the top choices available today. This API gathers reliable data from more than 15 reputable financial sources; including banks and brokers. To get started with it, simply register and get an API key,. Then, choose the currency, and commodity you wish to obtain data. After this, execute the API call and wait a few seconds for the results.
Furthermore, Commodities-API can deliver data in any currency you desire; with an accuracy of two decimal places; from a variety of more than 170 options. Depending on the plan you use, you are allowed to send up to 100.000 API queries each month; and get data updates every 60 seconds!
API for Commodity Prices from Nasdaq Data Link
You can obtain financial, economic, and other datasets on Nasdaq Data Link, another well-known website. A commodity price API is one of the numerous financial data APIs that are accessible. With the help of this API, you may obtain information on more than 100 different commodities.
Through this user-friendly API, you can also get daily spot prices and historical commodity prices. One of the simplest ways to look up and download commodity prices with its multitude of software tools, including R and Python; is without a doubt through Nasdaq Data Link’s API for commodities prices.
CommonPrices
Accessing the values of more than 10,000 distinct commodities and indexes is made simple by this service called CommonPrices. It efficiently gathers information from a variety of reliable sources and refreshes it daily, weekly, or monthly depending on the plan you select.
For optimum usability and interoperability with your projects, this API also comes in JSON data format. Because CommonPrices employs HTTPS to encrypt communications between your browser and their servers; it is also a rather secure application.
Related post: Use An API To Obtain Commodities Spot Prices In 2022
Also published on Medium.