Commodities API Free – The Best Way to Access Real-Time Commodity Data

Introduction

Have you ever considered building a trading and agriculture app without reliable commodity data? Your insights are delayed, charts are lagging, and users lose trust. Real-time commodity data powers trading tools, research platforms, dashboards, and financial applications that require precise financial data. You need that kind of API, which is fast, easy to integrate, and reliable.

Most of the paid APIs are very expensive. They offer limited trials and complex contracts. The CommodityPriceAPI solves this problem by providing rock-solid data sources and offering an unlimited free trial. You get instant access. No credit card is required for this. You can integrate, experiment, and build real-time and historical commodity data from various financial data providers .

In this blog, we discuss what a commodities API free is and why free options matter a lot. We will also learn about their categories, usage, and, for developers, intuitive code examples and practical examples. Let’s get started!

What Is a Commodities API and Why Does a Free Option Matter?

A commodities API is a programming language interface that delivers commodity prices, including crude oil and market data, into your application. It provides real-time and historical prices, current prices for energy, metals, agriculture, etc.

Traders need the live data, which is why real-time and historical data are very important. Analysts need accurate forecasting for long-term trends. Dashboards require non-stop updates for visualization. Without the access, your apps cannot function properly. 

Paid APIs may require contracts because they have limited quotes. They are very costly. Developers searching for a free commodities API face limitations, slow updates, and missing historical data. That’s why the free plan matters. You can test this API without risk. You can check if it matches your requirements before paying. If it works for your prototype or small project, you can upgrade later.

This API gives you reliable performance, secure data delivery, and strong support. It lets you experiment, validate your needs, and scale only when you are ready.

Sectors that use commodity data to analyze global markets, such as the given commodity sector, include:

Sector of finance, e-commerce, agriculture, utilities, and energy dashboards. Accurate commodity prices are important for market insights and forecasting.

If you want to explore how real-time requests work, read this blog by CommodityPricesAPI How to Fetch Real-Time Commodity Prices explains this process step by step.

Why CommodityPriceAPI Is the Best Commodities API Free Option

CommodityPriceAPI is best for speed, it is reliable, and easy to use for various commodities, including crude oil . Developers seeking a free commodities API for instant access. They avoid the requirement of credit cards. The integration is flexible.

Their Advantages

Feature	Description
Real-Time & Historical Data	Prices back to 1990
Supported Commodities	130+ commodities, which include energy, metals, and  agriculture
Free Trial	This is used for testing our API, valid for the first 7 days after sign up. You can extend your plan or update it to any plan of your liking after admin approval.
Data Format	Reliable JSON for easy parsing

These are the features that give the free commodities API, supported by detailed api documentation. You can use this for your dashboards, api endpoints, research tools, and for testing in production.

Supported Commodity Categories

Precious Metals

You will get the updates in real-time. CommodityPriceAPI provides access to natural gas, gold, silver, and other metals. You can use the silver endpoints or the gold prices API to track fluctuations, including the closing price and the highest price, and you can also create dashboards or implement automated trading strategies.

If you want to learn about markets, check the post on market movements: Navigate the Ever-Shifting Market Landscape.

Agricultural Products

Access the coffee API for insights into pricing and other relevant information. The items included in this are coffee, wheat, and soybeans, along with pricing in troy ounces for metal. Use butter commodity endpoints for manufacturing analytics. Historical data helps you track the trends and build forecasting models with a specified end date .

Energy & Utilities

Prices for gas, uranium, oil, and electricity are available there. For making cost comparison tools, use the utility rate API and the electricity rate API. Real-time updates enable you to monitor the energy of markets and create customized financial dashboards.

Soft Commodities

Real-time and historical data allow detailed market analysis. Cocoa, cotton, sugar, and other soft commodities are supported. You can track commodities for eCommerce, trading, and analytics apps.

How to Use CommodityPriceAPI as a Commodities API Free Solution

Step 1: Get Your API Key (Unlimited Free Trial)

Sign up on the dashboard of the CommodityPriceAPI. Click on Get Started.

You can sign up with Google or register with your email.

No credit card is required. Gain your API from the dashboard. After that, you can start making requests immediately.

After that, go to the docs to access the API endpoints.

Step 2: Fetch Latest Commodity Prices

Real-time updates cover energy, metals, and agriculture. For example, XAG (silver) and XAU (gold) give you updates for every single currency in minutes. Lite, Plus, and Premium are different in the frequency of updates. But free users get the correct data.

To get the latest commodity prices, here is the endpoint:

$ curl https://api.commoditypriceapi.com/v2/rates/latest?symbols=xau,wtioil \-H "x-api-key: YOUR_API_KEY"

Here is the sample JSON response:

{
  "success": true,
  "timestamp": 1703866777,
  "rates": {
    "WTIOIL": 72.29,
    "XAU": 2066.98
  },
  "metaData": {
    "XAU": {
      "unit": "T.oz",
      "quote": "USD"
    },
    "WTIOIL": {
      "unit": "Bbl",
      "quote": "USD"
    }
  }
}

Step 3: Access Historical & Timeseries Data

Retrieve historical data for backtesting, dashboards, and real-time data for research. Daily and monthly coverage is available from 1990 to the present. You can easily analyze long-term trends and price fluctuations, including identifying the highest price.

For a broader market perspective, check out their blog on the 2024 Commodity Prices Outlook, which provides a helpful long-term outlook.

Step 4: Use the Fluctuation Endpoint

Use of the fluctuation endpoint gives you day-to-day changes in prices. It gives you start rates and end rates with changes in percentage. Use this for trend and tracking analysis. Automated tools and dashboards will take advantage of these insights.

Why Developers Prefer CommodityPriceAPI Over Competing APIs

Other free APIs have limits, complex contracts, or unreliable endpoints. CommodityPriceAPI solves these problems with:

• This gives you fast integration using JSON endpoints.
• This provides you with correct, verified data sources.
• It has Custom quote currencies (130+ supported)
• It has clear documentation.
• It has high request limits.

A free commodities API with historical and time-series endpoints is a rare find. CommodityPriceAPI provides full access to real-time and historical commodity data, with no restrictions, whether you choose an annual plan or not.

Example Use Cases for Commodities API free:

Finance Apps

Build dashboards for commodity prices, including gold, silver, and energy commodities. Use the gold rate API and other endpoints.

Energy & Utility Platforms

It compares gas and electricity costs. Use the Rates Electricity API and the Utility Rates API.

Coffee or Agriculture Market Tools

Track the commodities of agriculture. Use the coffee API and Soft Commodity endpoints for coffee, crude palm oil, and agriculture market tools.

Manufacturing & Supply Chain

Monitor the prices of steel commodities, as well as copper and butter. Optimize procurement efficiently.

Business Analytics

Connect real-time commodity prices. Check the raw material expenses and the current exchange rates. Forecast the future movements.

Full List of CommodityPriceAPI Features

• Simple, Fast & Reliable

It covers 130+ commodities

• Easy Integration

Plug-and-play with JSON API, with sample code.

• No Complex Contracts

It offers a flexible subscription plan, which you can cancel at any time.

• Trusted Data Sources

It is verified by exchanges and financial institutions.

• Custom Quote Base Currency

It converts prices into 130+ currencies.

• Detailed Documentation & Support

Detailed documentation and support include authentication, errors, latest rates, historical data, timeseries, and fluctuation endpoints

Pricing Comparison: Start With the Commodities API Free Trial

There are 3 types of plans in CommodityPriceAPI.

• Lite  $15.99/month

In Lite, 2000 API calls per month provide updates every 10 minutes; each request supports up to 5 symbols. Their rate limit is 10 requests per minute. It has historical endpoints, time series, and fluctuation endpoints.

• Plus $34.99/month

This is the popular one currency. In the Plus package, you will receive 10,000 API calls per month, updates every 60 seconds, 10 symbols per request, and no rate limit is applied. It has historical endpoints, time series, fluctuation endpoints, and quote currency selection.

• Premium $149.99/month

In Premium, 50,000 API calls per month, you receive updates every 60 seconds. No rate limit applied. It has historical endpoints, time series, fluctuation endpoints, and quote currency selection.

The free trial is enough for integration, testing, prototyping, and small-scale production apps.

Conclusion

CommodityPriceAPI provides access to real-time and historical commodity data with a straightforward API structure. You can easily get your API key; there is no requirement for debit card data, and you will also  get unlimited free trials. It covers 130+ commodities, such as metals, energy, agriculture, and soft commodities. 

Analytics tools, trading apps, and dashboards can integrate JSON endpoints from CommodityPriceAPI in minutes, along with dedicated support . You track long-term trends, test strategies with historical data, and make informed decisions. It also gives you unlimited options, flexible quote currencies, and easy scaling with scalable volumes .

If you want to create supply chain tools and build apps for finance and energy, CommodiyPriceAPI gives you accurate and fast data.

FAQs

What Is the CommodityPriceAPI?

A JSON API providing real-time and historical commodity prices with the latest endpoint, which includes exchange rate data delivered for various currencies, which can give you data for 130+ commodities.

What Is the Cost of Using CommodityPriceAPI?

You can start with an unlimited free trial. Paid plans scale from Lite to Premium.

How Many Endpoints Does CommodityPriceAPI Have?

Endpoints include the latest rates, historical rates, time series, fluctuation data, and exchange rate data.

Is It Secure to Use CommodityPriceAPI Endpoints?

Yes, API key authentication ensures secure access.

How to Test the CommodityPriceAPI?

You can sign up for the CommodityPriceAPI free trial. Get your API key. At last, start calling endpoints.