Commodity ratio · live
Natural Gas Futures to Soybean Meal Ratio
The natural gas futures to soybean meal ratio is 0.008543 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Soybean Meal at $327.76 per Bushel.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Soybean Meal ratio
1.000 MMBtu of natural gas futures = 0.008543 Bu of soybean meal
Inverse (ZM/NG-FUT): 117.1 — one Bushel of soybean meal buys that much natural gas futures.
Below its 1 year average. (10th percentile of the last 1 year)
Natural Gas Futures
$2.80
per Million British Thermal Units
Soybean Meal
$327.76
per Bushel
Unit basis: USD per Million British Thermal Units ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 11:33:11 GMT.
1Y average
0.01077
median 0.01036
1Y low
0.007680
Apr 14, 2026
1Y high
0.01866
Jan 21, 2026
Normal band
0.008641–0.01291
mean ± 1 std dev
Deviation from mean
-1.05σ
247 observations
Natural Gas Futures to Soybean Meal ratio charts
Pick a range once — it applies to the NG-FUT/ZM ratio line, the OHLC candles and the Natural Gas Futures / Soybean Meal price chart below.
NG-FUT/ZM ratio line
How many Bu of Soybean Meal one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/ZM ratio candles
Open, high, low and close of the NG-FUT/ZM ratio for each period in the last 1Y.
Natural Gas 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 natural gas futures to soybean meal ratio
Natural Gas Futures to Soybean Meal ratio = Natural Gas Futures price per Million British Thermal Units ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.80 ÷ $327.76 = 0.008543. The inverse is 117.1.
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 natural gas futures to soybean meal ratio today?
The natural gas futures to soybean meal ratio is 0.008543 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Soybean Meal at $327.76 per Bushel, from live mid-market prices.
How do you calculate the natural gas futures to soybean meal ratio?
Divide the natural gas futures price per Million British Thermal Units 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 Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to soybean meal ratio?
The inverse, soybean meal to natural gas futures, is 117.1 — how many Million British Thermal Unitss of natural gas futures one Bushel of soybean meal buys.