Commodity ratio · live
Magnesium to Canola Ratio
The magnesium to canola ratio is 21.43 — Magnesium at $16,900.00 per Metric Ton divided by Canola at $788.57 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.
Magnesium to Canola ratio
1.000 T of magnesium = 21.431 T of canola
Inverse (CANOLA/MG): 0.04666 — one Metric Ton of canola buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (7th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Canola
CA$788.57
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CAD per Metric Ton. The ratio reads as Metric Tons of canola per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:21:45 GMT.
These two commodities are quoted in different currencies (CNY and CAD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
25.40
median 25.77
1Y low
19.90
Jul 24, 2026
1Y high
29.64
Sep 30, 2025
Normal band
22.90–27.89
mean ± 1 std dev
Deviation from mean
-1.59σ
351 observations
Magnesium to Canola ratio charts
Pick a range once — it applies to the MG/CANOLA ratio line, the OHLC candles and the Magnesium / Canola price chart below.
MG/CANOLA ratio line
How many T of Canola one T of Magnesium buys, over 1Y.
MG/CANOLA ratio candles
Open, high, low and close of the MG/CANOLA ratio for each period in the last 1Y.
Magnesium and Canola prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the magnesium to canola ratio
Magnesium to Canola ratio = Magnesium price per Metric Ton ÷ Canola price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of canola per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $788.57 = 21.43. The inverse is 0.04666.
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 magnesium to canola ratio today?
The magnesium to canola ratio is 21.43 — Magnesium at $16,900.00 per Metric Ton divided by Canola at $788.57 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to canola ratio?
Divide the magnesium price per Metric Ton by the canola 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 canola per Metric Ton of magnesium.
What is the inverse of the magnesium to canola ratio?
The inverse, canola to magnesium, is 0.04666 — how many Metric Tons of magnesium one Metric Ton of canola buys.