Are you an investor from the United States or do you want to invest in US dollars? I invested in different commodities through a commodities prices API? Read this article and find out how to do it!
Commodities are a crucial part of most people’s everyday lives in the United States. A commodity is a basic good used in trade that may be exchanged for other similar products. Grain, industry, meat, oil, and natural gas are examples of traditional commodities.
Commodities, in addition to traditional securities, can help investors diversify their portfolios. Because commodity prices tend to fluctuate in the opposite direction of stock prices, some investors utilize commodities as a hedge against market volatility.
Commodities are a fundamental component of production, making them a lucrative trading asset. Actually, there are two sorts of marketplaces where commodities are purchased and traded right now. The raw material is sold in real time on the spot market, thus payment is paid right away and the product is provided right away.
Raw resources, on the other hand, are exchanged through futures contracts in the futures market or commodity exchanges, where the quantity and price are established in advance for subsequent sale. Futures brokers acquire contracts that may be resold or repurchased, similar to how stock brokers purchase stocks.
Commodities, in addition to traditional securities, can help investors diversify their portfolios. Because commodity prices tend to fluctuate in the opposite direction of stock prices, some investors utilize commodities as a hedge against market volatility.
Aircraft, machineries, equipment, and semiconductors are among the major capital products exported by the United States. Soybeans, pork, poultry, and corn are the crops that profit the most from government farm subsidies. The United States’ exports are less than their imports. Cattle/calves, corn, soybeans, dairy products/milk, various crops, broilers, pigs, wheat, and chicken eggs are all in high demand.
Because the vast majority of exports are produced by the United States, many investors use internet platforms that allow them to access up-to-date market prices and currencies. We recommend Commodities-API.
Commodities-API Summary
It’s a free web API service that gives you real-time commodities data on things like coffee, rice, and maize. Commodities-API, on the other hand, provides a currency exchange with two decimal places of precision and a list of 170 market products in any currency.
Registration Steps
It’s quite easy to use. There are three basic steps to follow:
- For more information, go to www.commodities-API.com.
- Obtain a key for the API.
- Locate the desired products and currencies.
- After that, you’ll receive the API in the form of a JSON script, which you may use whatever you like.
Secure Website
The 256-bit SSL encryption used by the commodities-bank-grade API protects your transactions. The site’s experience with IT developers, small businesses, and even companies backs it up. There’s no need to be anxious because this API is based on information gathered straight from the market.
Dependable Data
With an accuracy of 2 decimal points and over 170 different options, the Commodities-API allows you to access data in whatever currency you choose. You may also get data updates every 60 seconds and make 100.000 API queries every month.
Financial Reports From The Past
Yes, you certainly can. For most currencies, “historical rates” have been available since August 2021. You may query the Commodities-API API for historical rates by adding a date (format YYYY-MM-DD) to the basic URL.