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YOU ARE HERE:  Education » Education Center » Commodity Conversions

Commodity Futures Conversion Charts

Conversions

1 Bushel Equals:

Corn, Sorghum & Rye = 56 lbs. Barley Malt = 34 lbs.
Wheat & Soybeans = 60 lbs. Barley Grain = 48 lbs.
Canola = 50 lbs. Oats = 32 lbs.

Bushels to Tonnes:

Corn, Sorghum & Rye = bushels = 0.0254 Barley Grain = bushels = 0.21772
Wheat & Soybeans = bushels x 0.027216 Oats = bushels x 0.014515

1 Tonne (metric ton) Equals:

39.3679 bushels of Corn, Sorghum or Rye 45.9296 bushels of Barley Grain
36.7437 bushels of Wheat or Soybeans 68.8944 bushels of Oats
22.046 hundredweight 10 quintals

Yields:

Rye, Corn: bushels per acre x 0.6277 = quintals per hectare
Wheat: bushels per acre x 0.6725 = quintals per hectare
Barley Grain: bushels per acre x 0.5380 = quintals per hectare
Oats: bushels per acre x 0.3587 = quintals per hectare

Ethanol

1 bushel corn = 2.75 gallons ethanol = 18 lbs dried distillers grain
1 tonne corn = 101.0 gallons ethanol = 661 lbs dried distillers grain
1 tonne sugar = 149.3 gallons ethanol

Crude Oil:

1 barrel = 42 US gallons = 34.97 UK (imperial) gallons = 0.136 tonne (approx)
1 barrel per day (b/d) = 50 tonnes per year (approx)

Cotton Bales:

US = 480 lb. (the statistical net bale used by the USDA and ICAC)
Brazil = 397 lb. (metric bale = 180 kg)
India = 392 lb. (metric bale = 170 kg)

Live to Lean Hog Conversion:

Live Hog Price/0.74 = Lean Hog Price

Crack Spread:

[(2 x $Gasoline) + (1 x $Heating Oil] - (3 x $Crude Oil)
= $Crack Spread per 3 barrels of Crude Oil

Soybean Crush Spread:

Soybean Crush = Leg 1 (Soybean Meal Price x 0.022)
+ Leg 2 (Soybean Oil Price x 11) - Leg 3 (Soybean Futures Price)

Butterfly Spread (BF):

Buy1exp1 - Sell2exp2 - Buy1exp3
Example: Corn Butterfly Spread = CH11 - 2*CK11 + CN11

Weight Conversion:

1 kilogram = 2.2046 pounds 1 kilogram = .0010 metric tons
1 kilogram = .0011 short tons 1 kilogram = .00098 long tons
1 short ton = 2,000 pounds 1 short ton = .9072 metric tons
1 short ton = 907.18 kilograms 1 short ton = .8929 long tons
1 long ton = 2,240 pounds 1 metric ton = 2,204.6 pounds
1 long ton = 1.0160 metric tons 1 metric ton = 1,000 kilograms

Linear Measurements:

Kilometer = 1,000 meters = .6214 miles 1 inch = 2.54 centimeters
Meter = 1 meter = 39.37 inches 12 inches = 1 foot = 30.48 centimeters
Centimeter = 1/100 meter = .394 inches 3 feet = 1 yard = 91.44 centimeters
Millimeter = 1/1,000 meter = .0394 inches 5280 feet = 1 mile = 1.61 kilometers
   
To convert kilometers into miles, multiply by .6214.
To convert miles into kilometers, divide by .6214.

US Metric Fluid Volume:

1 Gallon = 128 fluid ounces = 8 fluid pints = 4 fluid quarts = 3.785 Liters
1 Liter = .264 Gallons

Area Measurements:

1 acre = 43,560 square feet = 0.040694 hectare
1 hectare = 2.4710 acres = 10,000 square meters
640 acres = 1 square mile = 259 hectares

U.S. Dry Volumes & Conversions

1 pint = 33.6 cubic inches = 0.5506 liter
8 quarts = 1 peck = 8.8098 liters
1 cubic foot = 28.3169 liters
2 pints = 1 quart = 1.1012 liters