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Commodity Futures Conversions

Fri, Nov 17th, 2017

1 Bushel Equals:

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

Bushels to Tonnes:

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

1 Tonne (metric ton) Equals:

  • 39.3679 bushels of Corn, Sorghum or Rye
  • 36.7437 bushels of Wheat or Soybeans
  • 22.046 hundredweight
  • 45.9296 bushels of Barley Grain
  • 68.8944 bushels of Oats
  • 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 = .0011 short tons
  • 1 kilogram = .0010 metric tons
  • 1 kilogram = .00098 long tons
  • 1 short ton = 2,000 pounds
  • 1 short ton = 907.18 kilograms
  • 1 short ton = .9072 metric tons
  • 1 short ton = .8929 long tons
  • 1 long ton = 2,240 pounds
  • 1 long ton = 1.0160 metric tons
  • 1 metric ton = 2,204.6 pounds
  • 1 metric ton = 1,000 kilograms

Linear Measurements:

  • Kilometer = 1,000 meters = .6214 miles
  • Meter = 1 meter = 39.37 inches
  • Centimeter = 1/100 meter = .394 inches
  • Millimeter = 1/1,000 meter = .0394 inches
  • 1 inch = 2.54 centimeters
  • 12 inches = 1 foot = 30.48 centimeters
  • 3 feet = 1 yard = 91.44 centimeters
  • 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
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