Commodity ratio · live
Steel to Soybeans Futures Ratio
The steel to soybeans futures ratio is 250.5 — Steel at $3,066.00 per Metric Ton divided by Soybeans Futures at $12.24 per Bushel.
Prices as of Aug 24, 2026, 10:36 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Soybeans Futures ratio
1.000 T of steel = 250.460 Bu of soybeans futures
Inverse (SOYBEAN-FUT/STEEL): 0.003993 — one Bushel of soybeans futures buys that much steel.
Near the bottom of its 1 year range — historically compressed. (3th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Soybeans Futures
¢12.24
per Bushel
Unit basis: CNY per Metric Ton ÷ US Cent per Bushel. The ratio reads as Bushels of soybeans futures per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:36:05 GMT.
These two commodities are quoted in different currencies (CNY and US Cent). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
276.8
median 273.0
1Y low
244.9
Jul 24, 2026
1Y high
311.6
Sep 30, 2025
Normal band
261.3–292.3
mean ± 1 std dev
Deviation from mean
-1.70σ
318 observations
Steel to Soybeans Futures ratio charts
Pick a range once — it applies to the STEEL/SOYBEAN-FUT ratio line, the OHLC candles and the Steel / Soybeans Futures price chart below.
STEEL/SOYBEAN-FUT ratio line
How many Bu of Soybeans Futures one T of Steel buys, over 1Y.
STEEL/SOYBEAN-FUT ratio candles
Open, high, low and close of the STEEL/SOYBEAN-FUT ratio for each period in the last 1Y.
Steel and Soybeans Futures 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 soybeans futures ratio
Steel to Soybeans Futures ratio = Steel price per Metric Ton ÷ Soybeans Futures price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybeans futures per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $12.24 = 250.5. The inverse is 0.003993.
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 steel to soybeans futures ratio today?
The steel to soybeans futures ratio is 250.5 — Steel at $3,066.00 per Metric Ton divided by Soybeans Futures at $12.24 per Bushel, from live mid-market prices.
How do you calculate the steel to soybeans futures ratio?
Divide the steel price per Metric Ton by the soybeans futures price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybeans futures per Metric Ton of steel.
What is the inverse of the steel to soybeans futures ratio?
The inverse, soybeans futures to steel, is 0.003993 — how many Metric Tons of steel one Bushel of soybeans futures buys.