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The Winchester bushel is the volume of a cylinder 18.5 in (470 mm) in diameter and 8 in (200 mm) high, which gives an irrational number of approximately 2150.4202 cubic inches. [4] The modern American or US bushel is a variant of this, rounded to exactly 2150.42 cubic inches, less than one part per ten million less. [5]
Indeed, the bushel, the best-known unit of dry measure because it is the quoted unit in commodity markets, is in fact a unit of mass in those contexts. Conversely, the ton used in specifying tonnage and in freight calculations is often a volume measurement rather than a mass measurement.
Under both conventions, there are 20 hundredweight in a ton, producing a "short ton" of 2,000 pounds (907.2 kg) and a "long ton" of 2,240 pounds (1,016 kg).
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
In agricultural practice, a bushel is a fixed volume of 2,150.42 cubic inches (35.2391 liters). The mass of grain will therefore vary according to density. Some nominal weight examples are: [26] [27] 1 bushel (corn) = 56 lb (25.4012 kg) 1 bushel (wheat) = 60 lb (27.2155 kg) 1 bushel (barley) = 48 lb (21.7724 kg)
For example, each "tick" for the grain market (soybeans, corn and wheat) is 0.25 cents per bushel, on one 5,000-bushel futures contract. Tick values for some popular contracts (as of June 2010 [ 1 ] )
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The metric ton is the name used for the tonne (1000 kg, 2 204.622 62 lb), which is about 1.6% less than the long ton. The US customary system also includes the kip , equivalent to 1,000 pounds of force, which is also occasionally used as a unit of weight of 1,000 pounds (usually in engineering contexts).