Commodity ratio · live
Lead Futures to Soybean Meal Ratio
The lead futures to soybean meal ratio is 5.827 — Lead Futures at $1,910.28 per Metric Ton divided by Soybean Meal at $327.81 per Bushel.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Soybean Meal ratio
1.000 T of lead futures = 5.827 Bu of soybean meal
Inverse (ZM/LEAD-FUT): 0.1716 — one Bushel of soybean meal buys that much lead futures.
Near the bottom of its 1 year range — historically compressed. (5th percentile of the last 1 year)
Lead Futures
$1,910.28
per Metric Ton
Soybean Meal
$327.81
per Bushel
Unit basis: USD per Metric Ton ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 11:28:08 GMT.
1Y average
6.382
median 6.284
1Y low
5.611
Jul 24, 2026
1Y high
7.430
Oct 1, 2025
Normal band
5.976–6.787
mean ± 1 std dev
Deviation from mean
-1.37σ
240 observations
Lead Futures to Soybean Meal ratio charts
Pick a range once — it applies to the LEAD-FUT/ZM ratio line, the OHLC candles and the Lead Futures / Soybean Meal price chart below.
LEAD-FUT/ZM ratio line
How many Bu of Soybean Meal one T of Lead Futures buys, over 1Y.
LEAD-FUT/ZM ratio candles
Open, high, low and close of the LEAD-FUT/ZM ratio for each period in the last 1Y.
Lead Futures and Soybean Meal prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the lead futures to soybean meal ratio
Lead Futures to Soybean Meal ratio = Lead Futures price per Metric Ton ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,910.28 ÷ $327.81 = 5.827. The inverse is 0.1716.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the lead futures to soybean meal ratio today?
The lead futures to soybean meal ratio is 5.827 — Lead Futures at $1,910.28 per Metric Ton divided by Soybean Meal at $327.81 per Bushel, from live mid-market prices.
How do you calculate the lead futures to soybean meal ratio?
Divide the lead futures price per Metric Ton by the soybean meal price per Bushel. If the two units differ, the result is a rate rather than a plain count — read it as Bushels of soybean meal per Metric Ton of lead futures.
What is the inverse of the lead futures to soybean meal ratio?
The inverse, soybean meal to lead futures, is 0.1716 — how many Metric Tons of lead futures one Bushel of soybean meal buys.