Commodity ratio · live
Hot-Rolled Coil Steel to Soybean Meal Ratio
The hot-rolled coil steel to soybean meal ratio is 3.644 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Soybean Meal at $328.21 per Bushel.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Soybean Meal ratio
1.000 T of hot-rolled coil steel = 3.644 Bu of soybean meal
Inverse (ZM/HRC-STEEL): 0.2744 — one Bushel of soybean meal buys that much hot-rolled coil steel.
Above its 1 year average. (78th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Soybean Meal
$328.21
per Bushel
Unit basis: USD per Metric Ton ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 12:24:48 GMT.
1Y average
3.257
median 3.249
1Y low
2.564
Nov 17, 2025
1Y high
4.011
Jun 18, 2026
Normal band
2.870–3.645
mean ± 1 std dev
Deviation from mean
+1.00σ
251 observations
Hot-Rolled Coil Steel to Soybean Meal ratio charts
Pick a range once — it applies to the HRC-STEEL/ZM ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Soybean Meal price chart below.
HRC-STEEL/ZM ratio line
How many Bu of Soybean Meal one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/ZM ratio candles
Open, high, low and close of the HRC-STEEL/ZM ratio for each period in the last 1Y.
Hot-Rolled Coil Steel 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 hot-rolled coil steel to soybean meal ratio
Hot-Rolled Coil Steel to Soybean Meal ratio = Hot-Rolled Coil Steel 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 hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,196.04 ÷ $328.21 = 3.644. The inverse is 0.2744.
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 hot-rolled coil steel to soybean meal ratio today?
The hot-rolled coil steel to soybean meal ratio is 3.644 — Hot-Rolled Coil Steel at $1,196.04 per Metric Ton divided by Soybean Meal at $328.21 per Bushel, from live mid-market prices.
How do you calculate the hot-rolled coil steel to soybean meal ratio?
Divide the hot-rolled coil steel 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 hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to soybean meal ratio?
The inverse, soybean meal to hot-rolled coil steel, is 0.2744 — how many Metric Tons of hot-rolled coil steel one Bushel of soybean meal buys.