Would you like to find an API that collects data from reliable sources such as the Osaka Dojima Commodity Exchange? You’ve come to the correct place because we’ll show you how to get it in this article.
To start, it is vital to understand that commodity prices around the globe are quite unstable. It is tied to many factors, including the position of the world’s largest and most strategic economies. Copper in the power sector (and the businesses that support it, such as various technologies) or sugar in the sweets industry are two examples.
International trade agreements, technical breakthroughs, and crises such as the present situation in Ukraine are all important factors to consider. As a consequence of these concerns, many commodity business channels open and close.
Keeping this in mind, you should get your knowledge from the most reliable sources. The Osaka Dojima Commodity Exchange is one of the most credible commodities exchange data sources, despite its difficulty in finding.
The Osaka Dojima Commodity Market (ODEX) is an Osaka-based Japanese futures market. It was known as the Osaka Grain Exchange in 1952. In February 2013, it takes over the rice market from the Tokyo Grain Exchange and acquired its current name. Among the items traded were azuki (red beans), coffee, corn, frozen shrimp, soybeans (possibly GMO), non-GMO soybeans, raw silk, raw sugar, and rice. To gain access to this data, you should use an API.
What Is An API?
An application programming interface is software that links two devices (API). You must make use of the tools provided to assist you. While a few services may be useful, please remember that not all of them are functioning or offer the same content.
It is straightforward to access an API, but finding one that provides commodities values in Osaka Dojima Commodity Exchange units is more difficult. Commodities-API, one of the largest global precious commodity inventories, produced this data. You may also utilize the API to include current and historical prices into your website or app, as well as the plugins on this page, to access current and historical rates.
To obtain it, take the following steps:
- To obtain an API key, visit www.commodities-API.com.
- Begin by searching the dictionary for the symbols you’ll be utilizing. Commodities in Osaka Dojima Commodity Exchange Prices will appear.
- After completing the API request, use these indicators to add commodities and currencies to the list.
- Press the “run” button.
Why Commodities-API?
This web API provides accurate rate data for a wide range of commodities in a variety of currencies. Commodities-API is a commodity spot rates API and it began as a straightforward Open-Source API that supplied current and historical commodity prices from key institutions. The API can provide real-time commodity data with an accuracy of two decimal points and a frequency of up to 60 seconds per minute.
The Commodities-API uses bank-grade 256-bit SSL encryption to protect your access. Hundreds of developers, small companies, and huge organizations, such as Chainlink, use this API regularly. This API is the most advantageous website for commodity rates due to its reputable data sources and 6+ years of experience. It is a CME Group rates API which collects data from another financial entities.