Commodity ratio · live
Soybeans Futures to Steel Ratio
The soybeans futures to steel ratio is 0.003993 — Soybeans Futures at $12.24 per Bushel divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:36 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybeans Futures to Steel ratio
1.000 Bu of soybeans futures = 0.003993 T of steel
Inverse (STEEL/SOYBEAN-FUT): 250.5 — one Metric Ton of steel buys that much soybeans futures.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Soybeans Futures
¢12.24
per Bushel
Steel
¥3,066.00
per Metric Ton
Unit basis: US Cent per Bushel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Bushel of soybeans futures. Prices as of Mon, 24 Aug 2026 10:36:05 GMT.
These two commodities are quoted in different currencies (US Cent and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.003624
median 0.003663
1Y low
0.003210
Sep 30, 2025
1Y high
0.004083
Jul 24, 2026
Normal band
0.003423–0.003825
mean ± 1 std dev
Deviation from mean
+1.83σ
318 observations
Soybeans Futures to Steel ratio charts
Pick a range once — it applies to the SOYBEAN-FUT/STEEL ratio line, the OHLC candles and the Soybeans Futures / Steel price chart below.
SOYBEAN-FUT/STEEL ratio line
How many T of Steel one Bu of Soybeans Futures buys, over 1Y.
SOYBEAN-FUT/STEEL ratio candles
Open, high, low and close of the SOYBEAN-FUT/STEEL ratio for each period in the last 1Y.
Soybeans Futures 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 soybeans futures to steel ratio
Soybeans Futures to Steel ratio = Soybeans Futures 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 soybeans futures — rather than a plain count.
Worked example, live prices: $12.24 ÷ $3,066.00 = 0.003993. The inverse is 250.5.
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 soybeans futures to steel ratio today?
The soybeans futures to steel ratio is 0.003993 — Soybeans Futures at $12.24 per Bushel divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the soybeans futures to steel ratio?
Divide the soybeans futures 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 soybeans futures.
What is the inverse of the soybeans futures to steel ratio?
The inverse, steel to soybeans futures, is 250.5 — how many Bushels of soybeans futures one Metric Ton of steel buys.