In this article, we will help you to use an API in order to get lumber prices in real-time.
First, Lumber, often known as timber, is a stage in the manufacture of wood that has been processed into beams and planks. Lumber is mostly used for structural purposes, but it also has a variety of other applications. It is involved with forestry, logging, timber trading, and the production of primary forest products and wood items (such as furniture) as well as secondary products for the pulp and paper industries, such as wood pulp.
As we can see, this commodity is valuable for many industries because it uses for many purposes, so if you are interested in investing in lumber or you want to stay updated with the prices of this commodity because your industry is affected by the prices of lumber.
The best technology to do it is via an application programming interface (API) which allows you to access exact data in real-time that you can then pass on to your customers or make a report. With a few clicks, you will obtain spot prices, historical prices, and fluctuation data from the most famous sources.
However, if you are finding an API for commodity prices, we recommend that you use Commodities-API to obtain lumber rates which is the most comprehensive method available in the industry and it is easy to use.
If you want to try out this API, follow these steps:
- Obtain your own API key at www.commodities-API.com.
- Find the Lumber (LUMBER) and currency symbols you’d like to use.
- Find the product and money in the list by using these symbols. Make the API call once you’ve decided on them.
- Research the most recent rates. Besides, the data is available in a variety of programming languages such as JSON, PHP, and Python that you can alter and use in any way you choose.
More About Commodities-API
All in one API, Commodities-API, is one of the most professional commodity rate tools available, to save time and money. This API collects pricing data every minute from over 15 reliable data sources, including banks and financial data.
Commodities-API can deliver real-time commodity data with a 2 decimal point precision and a 60-second frequency. There are exchange rates for almost every commodity, as well as precious metals, currency conversion, time-series data, and volatility statistics.
You will find prices data of lumber, natural gas, wheat, coffee, corn, sugar, crude oil (Brent and WTI), soybeans, gold, silver, and a number of other commodities. This API provides accurate commodity and exchange rate data for over 170 foreign currencies, including Bitcoin and other cryptocurrencies.
Also published on Medium.