Commodity ratio · live
Soybean Meal to Hot-Rolled Coil Steel Ratio
The soybean meal to hot-rolled coil steel ratio is 0.2744 — Soybean Meal at $328.21 per Bushel divided by Hot-Rolled Coil Steel at $1,196.04 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.
Soybean Meal to Hot-Rolled Coil Steel ratio
1.000 Bu of soybean meal = 0.2744 T of hot-rolled coil steel
Inverse (HRC-STEEL/ZM): 3.644 — one Metric Ton of hot-rolled coil steel buys that much soybean meal.
Below its 1 year average. (22th percentile of the last 1 year)
Soybean Meal
$328.21
per Bushel
Hot-Rolled Coil Steel
$1,196.04
per Metric Ton
Unit basis: USD per Bushel ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 12:24:48 GMT.
1Y average
0.3114
median 0.3078
1Y low
0.2493
Jun 18, 2026
1Y high
0.3900
Nov 17, 2025
Normal band
0.2743–0.3484
mean ± 1 std dev
Deviation from mean
-1.00σ
251 observations
Soybean Meal to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the ZM/HRC-STEEL ratio line, the OHLC candles and the Soybean Meal / Hot-Rolled Coil Steel price chart below.
ZM/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one Bu of Soybean Meal buys, over 1Y.
ZM/HRC-STEEL ratio candles
Open, high, low and close of the ZM/HRC-STEEL ratio for each period in the last 1Y.
Soybean Meal and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the soybean meal to hot-rolled coil steel ratio
Soybean Meal to Hot-Rolled Coil Steel ratio = Soybean Meal price per Bushel ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $328.21 ÷ $1,196.04 = 0.2744. The inverse is 3.644.
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 soybean meal to hot-rolled coil steel ratio today?
The soybean meal to hot-rolled coil steel ratio is 0.2744 — Soybean Meal at $328.21 per Bushel divided by Hot-Rolled Coil Steel at $1,196.04 per Metric Ton, from live mid-market prices.
How do you calculate the soybean meal to hot-rolled coil steel ratio?
Divide the soybean meal price per Bushel by the hot-rolled coil 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 hot-rolled coil steel per Bushel of soybean meal.
What is the inverse of the soybean meal to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to soybean meal, is 3.644 — how many Bushels of soybean meal one Metric Ton of hot-rolled coil steel buys.