Commodity ratio · live
Nickel Futures to Soybean Meal Ratio
The nickel futures to soybean meal ratio is 51.81 — Nickel Futures at $17,004.63 per Metric Ton divided by Soybean Meal at $328.21 per Bushel.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Soybean Meal ratio
1.000 T of nickel futures = 51.810 Bu of soybean meal
Inverse (ZM/NICKEL-FUT): 0.01930 — one Bushel of soybean meal buys that much nickel futures.
Below its 1 year average. (19th percentile of the last 1 year)
Nickel Futures
$17,004.63
per Metric Ton
Soybean Meal
$328.21
per Bushel
Unit basis: USD per Metric Ton ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 10:35:57 GMT.
1Y average
54.29
median 54.36
1Y low
43.56
Nov 17, 2025
1Y high
64.51
Jan 15, 2026
Normal band
50.25–58.33
mean ± 1 std dev
Deviation from mean
-0.61σ
251 observations
Nickel Futures to Soybean Meal ratio charts
Pick a range once — it applies to the NICKEL-FUT/ZM ratio line, the OHLC candles and the Nickel Futures / Soybean Meal price chart below.
NICKEL-FUT/ZM ratio line
How many Bu of Soybean Meal one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/ZM ratio candles
Open, high, low and close of the NICKEL-FUT/ZM ratio for each period in the last 1Y.
Nickel 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 nickel futures to soybean meal ratio
Nickel Futures to Soybean Meal ratio = Nickel 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 nickel futures — rather than a plain count.
Worked example, live prices: $17,004.63 ÷ $328.21 = 51.81. The inverse is 0.01930.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the nickel futures to soybean meal ratio today?
The nickel futures to soybean meal ratio is 51.81 — Nickel Futures at $17,004.63 per Metric Ton divided by Soybean Meal at $328.21 per Bushel, from live mid-market prices.
How do you calculate the nickel futures to soybean meal ratio?
Divide the nickel 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 nickel futures.
What is the inverse of the nickel futures to soybean meal ratio?
The inverse, soybean meal to nickel futures, is 0.01930 — how many Metric Tons of nickel futures one Bushel of soybean meal buys.