Commodity ratio · live
Steel to Canola Ratio
The steel to canola ratio is 3.894 — Steel at $3,066.00 per Metric Ton divided by Canola at $787.32 per Metric Ton.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Canola ratio
1.000 T of steel = 3.894 T of canola
Inverse (CANOLA/STEEL): 0.2568 — one Metric Ton of canola buys that much steel.
Near the bottom of its 1 year range — historically compressed. (8th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Canola
CA$787.32
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 steel. Prices as of Mon, 24 Aug 2026 12:23:51 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
4.515
median 4.461
1Y low
3.592
Aug 16, 2026
1Y high
5.334
Dec 19, 2025
Normal band
4.094–4.936
mean ± 1 std dev
Deviation from mean
-1.47σ
318 observations
Steel to Canola ratio charts
Pick a range once — it applies to the STEEL/CANOLA ratio line, the OHLC candles and the Steel / Canola price chart below.
STEEL/CANOLA ratio line
How many T of Canola one T of Steel buys, over 1Y.
STEEL/CANOLA ratio candles
Open, high, low and close of the STEEL/CANOLA ratio for each period in the last 1Y.
Steel 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 steel to canola ratio
Steel to Canola ratio = Steel 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 steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $787.32 = 3.894. The inverse is 0.2568.
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 steel to canola ratio today?
The steel to canola ratio is 3.894 — Steel at $3,066.00 per Metric Ton divided by Canola at $787.32 per Metric Ton, from live mid-market prices.
How do you calculate the steel to canola ratio?
Divide the steel 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 steel.
What is the inverse of the steel to canola ratio?
The inverse, canola to steel, is 0.2568 — how many Metric Tons of steel one Metric Ton of canola buys.