Commodity ratio · live
Canola to Soybean Meal Ratio
The canola to soybean meal ratio is 2.403 — Canola at $788.45 per Metric Ton divided by Soybean Meal at $328.16 per Bushel.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Canola to Soybean Meal ratio
1.000 T of canola = 2.403 Bu of soybean meal
Inverse (ZM/CANOLA): 0.4162 — one Bushel of soybean meal buys that much canola.
Above its 1 year average. (78th percentile of the last 1 year)
Canola
CA$788.45
per Metric Ton
Soybean Meal
$328.16
per Bushel
Unit basis: CAD per Metric Ton ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Metric Ton of canola. Prices as of Mon, 24 Aug 2026 12:17:04 GMT.
These two commodities are quoted in different currencies (CAD and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
2.237
median 2.217
1Y low
1.901
Nov 6, 2025
1Y high
2.612
Aug 13, 2026
Normal band
2.069–2.405
mean ± 1 std dev
Deviation from mean
+0.98σ
251 observations
Canola to Soybean Meal ratio charts
Pick a range once — it applies to the CANOLA/ZM ratio line, the OHLC candles and the Canola / Soybean Meal price chart below.
CANOLA/ZM ratio line
How many Bu of Soybean Meal one T of Canola buys, over 1Y.
CANOLA/ZM ratio candles
Open, high, low and close of the CANOLA/ZM ratio for each period in the last 1Y.
Canola and Soybean Meal 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 soybean meal ratio
Canola to Soybean Meal ratio = Canola price per Metric Ton ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Metric Ton of canola — rather than a plain count.
Worked example, live prices: $788.45 ÷ $328.16 = 2.403. The inverse is 0.4162.
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 soybean meal ratio today?
The canola to soybean meal ratio is 2.403 — Canola at $788.45 per Metric Ton divided by Soybean Meal at $328.16 per Bushel, from live mid-market prices.
How do you calculate the canola to soybean meal ratio?
Divide the canola price per Metric Ton by the soybean meal price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybean meal per Metric Ton of canola.
What is the inverse of the canola to soybean meal ratio?
The inverse, soybean meal to canola, is 0.4162 — how many Metric Tons of canola one Bushel of soybean meal buys.