Do you need help looking for an alternative to Commoprices? If the answer is yes, you should check these APIs out!
The resources required to produce the large range of consumer items we use are known as commodities. These are a smart investment since they are materials that will always be needed; and their demand only rises as human society develops.
However, because of the ongoing change in their business, it is imperative to stay current on all new innovations. By conducting manual research on several exchange market websites, one may keep tabs on this. But this approach is time- and labor-intensive. Not to mention that it’s simple to make mistakes because prices are always changing.
Fortunately, there is another approach that significantly simplifies research. This one uses cutting-edge technology and artificial intelligence to quickly and accurately determine the pricing of various commodities. We are talking about APIs for commodities prices!
Which Are The Best Commodities Prices APIs Today?
Commonprices may be one of the most popular API for commodities prices nowadays; however it is not the most affordable or easy-to-use. For that reason, if you are currently looking for alternatives to Commonprices, then you ave come to the right place! We’ve gathered three of the best alternatives today. Check them out!
Commodities-API
The prices of many commodities, including sugar; wheat, rice, coffee, and rice, can be easily obtained by the well-known and dependable API Commodities-API. For many developers and businesses looking for precise commodity data, this one is currently the top option. You can access price information right away thanks to it after it has been gathered from more than 15 reliable data sources; including banks and financial institutions.
Aside from that, all commodity data is provided in real time; with a frequency of up to 60 seconds, and accuracy to two decimal places in over 170 different currencies! Currently, Commodities-API offers three different plans; the professional of which enables you to send up to 100.000 API queries per month; and receive data updates every 60 seconds so you can keep track on the market in real-time!
Commodity Price API By Nasdaq Data Link
Another well-known website to find financial, economic, and alternative datasets is Nasdaq Data Link. This website offers many financial data APIs, including a Commodity Price API. With this one, you will have access to about 100 different commodities; including the prices of gold, silver, and oil, with this API at your disposal.
Additionally, this simple API gives you access to historical commodity prices as well as daily spot pricing. There is little doubt that using Nasdaq Data Link, which contains a number of software tools; including R and Python, is one of the simplest ways to search for and download commodity prices.
Commodity Data API By Barchart
Barchart is an internet financial service that has been available for a long while now. This website was among the first to offer information on commodities and futures markets. The service is offered by a multinational banking software provider that also provides market data; and services to the commodities and financial media industries.
From front to backend, the operations of Barchart’s varied customer base are driven by its own data; software, and technological solutions. Additionally, to assist market and financial experts in their decision-making, its entertainment businesses provide internet material, headlines, and magazines.
Related post: Use An API To Obtain Commodities Spot Prices In 2022
Also published on Medium.