Commodity ratio · live
Canola to Magnesium Ratio
The canola to magnesium ratio is 0.04666 — Canola at $788.57 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:21 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Canola to Magnesium ratio
1.000 T of canola = 0.04666 T of magnesium
Inverse (MG/CANOLA): 21.43 — one Metric Ton of magnesium buys that much canola.
Near the top of its 1 year range — historically stretched. (93th percentile of the last 1 year)
Canola
CA$788.57
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: CAD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of canola. Prices as of Mon, 24 Aug 2026 11:21:45 GMT.
These two commodities are quoted in different currencies (CAD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.03977
median 0.03880
1Y low
0.03373
Sep 30, 2025
1Y high
0.05025
Jul 24, 2026
Normal band
0.03571–0.04384
mean ± 1 std dev
Deviation from mean
+1.69σ
351 observations
Canola to Magnesium ratio charts
Pick a range once — it applies to the CANOLA/MG ratio line, the OHLC candles and the Canola / Magnesium price chart below.
CANOLA/MG ratio line
How many T of Magnesium one T of Canola buys, over 1Y.
CANOLA/MG ratio candles
Open, high, low and close of the CANOLA/MG ratio for each period in the last 1Y.
Canola and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the canola to magnesium ratio
Canola to Magnesium ratio = Canola price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of canola — rather than a plain count.
Worked example, live prices: $788.57 ÷ $16,900.00 = 0.04666. The inverse is 21.43.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the canola to magnesium ratio today?
The canola to magnesium ratio is 0.04666 — Canola at $788.57 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the canola to magnesium ratio?
Divide the canola price per Metric Ton by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Metric Ton of canola.
What is the inverse of the canola to magnesium ratio?
The inverse, magnesium to canola, is 21.43 — how many Metric Tons of canola one Metric Ton of magnesium buys.