Commodity ratio · live
Oats Future to Steel Ratio
The oats future to steel ratio is 0.1071 — Oats Future at $328.51 per Bushel divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Oats Future to Steel ratio
1.000 Bu of oats future = 0.1071 T of steel
Inverse (STEEL/OAT-FUT): 9.333 — one Metric Ton of steel buys that much oats future.
Above its 1 year average. (77th percentile of the last 1 year)
Oats Future
$328.51
per Bushel
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Bushel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Bushel of oats future. Prices as of Mon, 24 Aug 2026 12:24:45 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
0.1017
median 0.1003
1Y low
0.07440
Jun 30, 2026
1Y high
0.1218
Mar 13, 2026
Normal band
0.09494–0.1085
mean ± 1 std dev
Deviation from mean
+0.80σ
307 observations
Oats Future to Steel ratio charts
Pick a range once — it applies to the OAT-FUT/STEEL ratio line, the OHLC candles and the Oats Future / Steel price chart below.
OAT-FUT/STEEL ratio line
How many T of Steel one Bu of Oats Future buys, over 1Y.
OAT-FUT/STEEL ratio candles
Open, high, low and close of the OAT-FUT/STEEL ratio for each period in the last 1Y.
Oats Future 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 oats future to steel ratio
Oats Future to Steel ratio = Oats Future price per Bushel ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Bushel of oats future — rather than a plain count.
Worked example, live prices: $328.51 ÷ $3,066.00 = 0.1071. The inverse is 9.333.
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 oats future to steel ratio today?
The oats future to steel ratio is 0.1071 — Oats Future at $328.51 per Bushel divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the oats future to steel ratio?
Divide the oats future price per Bushel 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 Bushel of oats future.
What is the inverse of the oats future to steel ratio?
The inverse, steel to oats future, is 9.333 — how many Bushels of oats future one Metric Ton of steel buys.