Commodity ratio · live
Lumber Futures to Magnesium Ratio
The lumber futures to magnesium ratio is 0.03396 — Lumber Futures at $574.00 per Thousand Board Feet divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lumber Futures to Magnesium ratio
1.000 Mbf of lumber futures = 0.03396 T of magnesium
Inverse (MG/LB-FUT): 29.44 — one Metric Ton of magnesium buys that much lumber futures.
Close to the middle of its 1 year range. (63th percentile of the last 1 year)
Lumber Futures
$574.00
per Thousand Board Feet
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Thousand Board Feet ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Thousand Board Feet of lumber futures. Prices as of Mon, 24 Aug 2026 10:30:40 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.03358
median 0.03351
1Y low
0.02836
Sep 7, 2025
1Y high
0.03976
Jul 23, 2026
Normal band
0.03155–0.03561
mean ± 1 std dev
Deviation from mean
+0.19σ
334 observations
Lumber Futures to Magnesium ratio charts
Pick a range once — it applies to the LB-FUT/MG ratio line, the OHLC candles and the Lumber Futures / Magnesium price chart below.
LB-FUT/MG ratio line
How many T of Magnesium one Mbf of Lumber Futures buys, over 1Y.
LB-FUT/MG ratio candles
Open, high, low and close of the LB-FUT/MG ratio for each period in the last 1Y.
Lumber Futures 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 lumber futures to magnesium ratio
Lumber Futures to Magnesium ratio = Lumber Futures price per Thousand Board Feet ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Thousand Board Feet of lumber futures — rather than a plain count.
Worked example, live prices: $574.00 ÷ $16,900.00 = 0.03396. The inverse is 29.44.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the lumber futures to magnesium ratio today?
The lumber futures to magnesium ratio is 0.03396 — Lumber Futures at $574.00 per Thousand Board Feet divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the lumber futures to magnesium ratio?
Divide the lumber futures price per Thousand Board Feet 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 Thousand Board Feet of lumber futures.
What is the inverse of the lumber futures to magnesium ratio?
The inverse, magnesium to lumber futures, is 29.44 — how many Thousand Board Feets of lumber futures one Metric Ton of magnesium buys.