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Is there a converter to convert the price per bushel of soybean meal into the price per ton?
Wiki User
∙ 11y ago
For soybeans, you don't even need a converter, sites like the one below display the price both by the bushel or the tonne (metric ton).
But if you need one, you can just multiply the dollar price per bushel by 36.743 to get the price per tonne.
Soybean meal is not sold by the bushel, which is an unit of volume for crops only, i.e. soybeans, not processed products which are sold by weight. A bushel of soybeans is standardized at 60 pounds, but there is no such standardization for soybean meal.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoAssuming the test weight of the soybeans is USDA's 60 pounds per bushel, you would just divide the current price per bushel (example: $9.45 US) by 60 to get 15.75 cents (US) per pound. If the soybeans do not test at 60, then just use the adjusted test weight for that batch.
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The related link below should more than answer your question. Aaron
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