You don’t know what agricultural products make the ideal trading candidates and how can you get started investing in them? Read our article and examine the best commodities rates API for you!
We place a lot of importance on food, and with good cause! Growing and manufacturing food is an ever-essential sector as the world’s population approaches 8 billion and continues to rise. However, one does not have to be a farmer to participate in the agricultural market system.
We use agricultural goods on a daily basis. Given that everyone needs food, the demand for agricultural goods will only rise as the world’s population rises. Because of this, many people consider agricultural trade to be a successful and sustainable sector for investing.
Commodities are essential items or raw materials. Metals like gold and energy products like oil and gas are among them. Agricultural commodities are exactly what their name implies: products or raw materials produced or farmed on farms. Dairy goods, wheat, and coffee are examples of typical agricultural products.
Without managing a farm and buying and storing the products personally, you may invest in and “sell” these goods online. It may be done using a variety of trading platforms, most frequently using futures contracts, ETPs, and CFDs.
Using agricultural commodities trading systems is a popular strategy among investors for diversifying their financial portfolio and taking advantage of a growing market. It is possible to make profitable investments in a variety of agricultural commodities by relying on reliable data and research tools from DTN.
To keep up to date with the movement of data and currencies on the stock market, we recommend the use of websites that offer you updated financial data in real time. Commodities-API is always our first choice.
What Is Commodities-API?
Commodities-API it´s a platform that can get commodity pricing for items like coffee, rice, sugar, and wheat through this free public API. From a selection of more than 170 possibilities, the Commodities-API may provide data with whatever currency you want, with an accuracy of 2 decimal places. You may make 100.000 API requests each month and receive data updates every 60 seconds.
How I Get Registered In The Website?
You must stick to these instructions in order to access for the first time. Don’t worry, it’s quite simple.
- Access commodities-api.com
- Log in by creating an account.
- Make an API Key.
- Choose the type of goods and currency you desire.
- Watch for an API response from the website after making an API call from the dashboard.
Is It Safe For Their Clients?
To give you the most reliable and secure data possible, Commodities-API collects information from banks and stock exchanges. In addition, this API uses bank-grade 256-bit SSL encryption to ensure the security of your connection at all times.
Can The User Get Prior Statistics?
You can, indeed. “Historical rates” have been available for the majority of currencies since August 2021. You may ask the Commodities-API API for historical rates by including a date (in the format YYYY-MM-DD) to the basic URL.