Commodity ratio · live
Steel to Oats Future Ratio
The steel to oats future ratio is 9.333 — Steel at $3,066.00 per Metric Ton divided by Oats Future at $328.51 per Bushel.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Oats Future ratio
1.000 T of steel = 9.333 Bu of oats future
Inverse (OAT-FUT/STEEL): 0.1071 — one Bushel of oats future buys that much steel.
Below its 1 year average. (23th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Oats Future
$328.51
per Bushel
Unit basis: CNY per Metric Ton ÷ USD per Bushel. The ratio reads as Bushels of oats future per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:24:45 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
9.874
median 9.965
1Y low
8.213
Mar 13, 2026
1Y high
13.44
Jun 30, 2026
Normal band
9.231–10.52
mean ± 1 std dev
Deviation from mean
-0.84σ
307 observations
Steel to Oats Future ratio charts
Pick a range once — it applies to the STEEL/OAT-FUT ratio line, the OHLC candles and the Steel / Oats Future price chart below.
STEEL/OAT-FUT ratio line
How many Bu of Oats Future one T of Steel buys, over 1Y.
STEEL/OAT-FUT ratio candles
Open, high, low and close of the STEEL/OAT-FUT ratio for each period in the last 1Y.
Steel and Oats Future 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 oats future ratio
Steel to Oats Future ratio = Steel price per Metric Ton ÷ Oats Future price per Bushel
The two legs use different units, so the result is a rate — Bushels of oats future per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $328.51 = 9.333. The inverse is 0.1071.
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 oats future ratio today?
The steel to oats future ratio is 9.333 — Steel at $3,066.00 per Metric Ton divided by Oats Future at $328.51 per Bushel, from live mid-market prices.
How do you calculate the steel to oats future ratio?
Divide the steel price per Metric Ton by the oats future price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of oats future per Metric Ton of steel.
What is the inverse of the steel to oats future ratio?
The inverse, oats future to steel, is 0.1071 — how many Metric Tons of steel one Bushel of oats future buys.