Which USD/INR rate should I use?

Use the FX rate relevant to your landed-cost basis (spot or your bank's card rate). The rate is editable and remembered on your device; a stale value older than ~12 hours is flagged.

CBOT price to ₹/quintal converter (soybean, corn, wheat)

Q: How do I read CBOT tick notation?

Grains trade in eighths of a cent. 1234'4 means 1234 + 4/8 = 1234.50 cents per bushel. The calculator accepts either the tick form (1234'4) or the decimal form (1234.50).

Q: Why is the bushel factor different for corn?

A bushel is a volume, so the bushel-to-tonne factor depends on the commodity's standard test weight. Soybean and wheat are 60 lb/bu (1 MT = 36.7437 bu); corn is 56 lb/bu (1 MT = 39.3680 bu).

Turn a CBOT screen quote in cents per bushel into ₹/quintal for soybean, corn or wheat — every intermediate value shown so you can audit the chain. Free, offline, FX editable.

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What it does

US grains trade in cents per bushel, and a bushel is a volume, so the bushel→tonne factor depends on the commodity's standard test weight. The calculator applies the right factor, the FX rate, and shows every step from cents/bushel to ₹/quintal.

The formula

$/bu = cents/bu ÷ 100
$/MT = $/bu × bushels per MT — soybean & wheat 60 lb/bu → 36.7437 bu/MT; corn 56 lb/bu → 39.3680 bu/MT
₹/MT = $/MT × USD/INR
₹/quintal = ₹/MT ÷ 10
Tick notation: 1234'4 = 1234 + 4/8 = 1234.50

Worked example

Soybean at 1180 ¢/bushel, USD/INR 84.0 (60 lb/bu → 36.7437 bu/MT):

$/bu = 1,180 ÷ 100 = $11.80
$/MT = 11.80 × 36.7437 = $433.58
₹/MT = 433.58 × 84.0 = ₹36,420
₹/quintal = 36,420 ÷ 10 = ₹3,642.0/quintal

How do I read CBOT tick notation?

Grains trade in eighths of a cent. 1234'4 = 1234 + 4/8 = 1234.50 ¢/bu. Enter either the tick form or the decimal.

Why is the bushel factor different for corn?

Test weight differs: soybean and wheat are 60 lb/bu, corn is 56 lb/bu, so corn packs more bushels per tonne (39.3680 vs 36.7437).

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