Commodity ratio · live
Canola to Steel Ratio
The canola to steel ratio is 0.2568 — Canola at $787.32 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Canola to Steel ratio
1.000 T of canola = 0.2568 T of steel
Inverse (STEEL/CANOLA): 3.894 — one Metric Ton of steel buys that much canola.
Near the top of its 1 year range — historically stretched. (92th percentile of the last 1 year)
Canola
CA$787.32
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: CAD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of canola. Prices as of Mon, 24 Aug 2026 12:23:51 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
0.2235
median 0.2242
1Y low
0.1875
Dec 19, 2025
1Y high
0.2784
Aug 16, 2026
Normal band
0.2020–0.2449
mean ± 1 std dev
Deviation from mean
+1.56σ
318 observations
Canola to Steel ratio charts
Pick a range once — it applies to the CANOLA/STEEL ratio line, the OHLC candles and the Canola / Steel price chart below.
CANOLA/STEEL ratio line
How many T of Steel one T of Canola buys, over 1Y.
CANOLA/STEEL ratio candles
Open, high, low and close of the CANOLA/STEEL ratio for each period in the last 1Y.
Canola and Steel 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 steel ratio
Canola to Steel ratio = Canola price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of canola — rather than a plain count.
Worked example, live prices: $787.32 ÷ $3,066.00 = 0.2568. The inverse is 3.894.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the canola to steel ratio today?
The canola to steel ratio is 0.2568 — Canola at $787.32 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the canola to steel ratio?
Divide the canola price per Metric Ton by the steel 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 steel per Metric Ton of canola.
What is the inverse of the canola to steel ratio?
The inverse, steel to canola, is 3.894 — how many Metric Tons of canola one Metric Ton of steel buys.