If you are a developer or a company that works with data and needs to access Newcastle Coal Futures Data, you have come to the right place. 

You must first locate a provider of APIs that permit you to access this data in order to gain access to Newcastle Coal Futures Data. APIs are interfaces that let two different software applications exchange data and communicate with one another. As a result, you must locate an API that enables you to access Newcastle Coal Futures Data.

All U.S.-based coal futures contracts are available with current and historical data thanks to a Coal Prices API. Market Data, Quotes, Positions, Orders, and Open Interest are some of the available endpoints. Access to real-time data on coal futures contracts with a US base is made possible by this kind of API. The API enables users to run data queries by market, commodity type, date, and transaction type.

Live price quotations, open interest, the volume-weighted average price (VWAP), peak price, low price, and settlement price are all examples of market data. Settlement prices, volume-weighted average prices (VWAPs), high prices, low prices, and open interest are all examples of historical data.

Contracts called coal futures let you make predictions about the price of coal in the future. You can buy a futures contract if you think the price of coal will go up in the future or sell one if you think it will go down.

Futures contracts’ main benefit is that they let you make predictions about the price of commodities without having to acquire or sell the actual product. This implies that all you need to do is store your money in an investment account; you don’t even need to store or ship the commodity.

Let’s Present The Commodities API!

Because it is supported by 10+ exchange rate data providers for commodities pricing, the Commodities-API may provide developers with real-time valuable commodities data. The API contains numerous endpoints, each serving a different purpose. Endpoint capabilities include acquiring Time-Series data for one or more currencies, converting numbers between currencies, obtaining the most recent commodity rate data for all or a selected range of currencies, and gaining access to the API for daily fluctuation data.

Next, well show you some definitions that may help you understand the response better:

• API Key: Each API account is assigned a unique key that is used to access the API.
• Symbol: Refers to a currency’s three-letter metal code or currency code.
• Base Currency: The unit of measurement for exchange rates. the currency to which a total is converted (X EUR = 1 USD is the base currency). (If 1 USD equals X EUR, the target currency is EUR).
• Target Currency: The currency into which the conversion is performed. (The target currency is EUR if 1 USD = X EUR).
• Base URL: The URL upon which all API requests’ endpoints and URLs are based.

You may acquire data from a variety of goods using this API. You must input a certain symbol provided by the API into the endpoint to return a response that looks like this. Each item has its own symbol.

{"data":{"success":true,"timestamp":1684879380,"date":"2023-05-23","base":"USD","rates":{"COAL":0.0083507306889353},"unit":{"COAL":"per tonne"}}}

On this particular occasion, we required pricing and data for coal futures, and this API provided us with the symbol “COAL.” According to this, one US dollar equals 0.0083507306889353 tonnes of coal.

Using the USD as the base currency, multiply all commodity rates by one. The base currency is used to return the values. In this scenario, the return is 0.0016359918200409 tonnes of coal (COAL) for 1 USD. Divide the cost of coal by 0.0083507306889353 to get 119.75 US dollars.

Simply Follow These Instructions To Use It:

• All you have to do is register at Commodities API if you want to access the API right immediately!
• Find the symbols that correspond to your search.
• Send them an API request with your chosen commodities in the symbol field and your specified currency in the base currency field.

Do you lack the time to complete lengthy documentation? You can access our Quickstart tool and test all of the API endpoints with just one click in the Dashboard part of your control panel, so you’re covered with this Agriculture Rates API.