Are you in need of a platform to obtain commodity prices? Well, if so, you will surely want to use the most trusted worldwide API for commodities business. If you continue reading this post, you will find more information about this commodities prices API.
Commodities are among the most popular and traded assets on the financial markets. These are simple products that are utilized as parts of more intricate ones. Since they are found naturally all over the world, they are sometimes referred to as raw materials. Examples include wheat, corn, coffee, wood, crude oil, and natural gas. In the market exists different categories of commodities like food, minerals, energy, and meats. However, there are also some that are more intricate, such as the softs, financials, indexes, and legal tenders.
Commodities are lower-risk items on the stock market since they are raw resources; as a result, their value rises in line with rising demand. A commodity is a good that has a low level of processing but a high value and utility. Since they are essential components in the creation of other goods and services, transactions can be completed rapidly. Commodities purchases are a very alluring investment that has the potential to produce positive long and medium-term profits. However, because this market is undergoing regular change, it is advised to keep a close eye on it because droughts or major international conflicts like the War between Russia and Ukraine could affect prices.
Given the unpredictability of today’s market, it’s important to stay up to date with an API, with the most trusted worldwide API for commodities business. Its name? The name is Commodities-API and thanks to it, you will get prices of any type of commodity.
Why Commodities-API?
The greatest option if you want to get commodity pricing is Commodities-API. This is the top commodities pricing market API in the world, in case you weren’t aware. You will be able to swiftly and effectively access 15 sources, including banks and financial centers, with 100% correct prices. His speed is also amazing! The quotes can be updated every 60 seconds, to a precision of two decimal places.
Another crucial aspect is that you will be able to check the pricing in both well-known legal tenders like dollars or euros as well as lesser-known ones like the money of countries like Australia, Indonesia, Pakistan, Qatar, and India.
The Most Reliable Global API For Commodities Business: Is It Expensive?
In terms of cost, well… it’s uncharged! It goes without saying that the no-cost service has a monthly “API call” cap. There are additional paid plans that fully utilize the Commodities-API features if this is still insufficient. For instance, the no-cost plan limits your access to pricing changes to 100 times per month and updates every hour. The professional plan, however, costs $49 per month and allows you to view the pricing 10,000 times each month with 60-second updates. All prices are in USD, charges to your card will be made in that legal tender.
There are even custom plans for those customers with larger budgets and who need to update prices much more frequently. If you don’t like the current plan you contracted, you can downgrade or upgrade it to your liking.
Also published on Medium.