Commodity ratio · live
Soybeans Futures to Soybean Meal Ratio
The soybeans futures to soybean meal ratio is 0.03729 — Soybeans Futures at $12.24 per Bushel divided by Soybean Meal at $328.36 per Bushel.
Prices as of Aug 24, 2026, 10:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybeans Futures to Soybean Meal ratio
1.000 Bu of soybeans futures = 0.03729 Bu of soybean meal
Inverse (ZM/SOYBEAN-FUT): 26.82 — one Bushel of soybean meal buys that much soybeans futures.
Above its 1 year average. (88th percentile of the last 1 year)
Soybeans Futures
¢12.24
per Bushel
Soybean Meal
$328.36
per Bushel
Unit basis: US Cent per Bushel ÷ USD per Bushel. The ratio reads as Bushels of soybean meal per Bushel of soybeans futures. Prices as of Mon, 24 Aug 2026 10:34:36 GMT.
1Y average
0.03627
median 0.03634
1Y low
0.03348
Oct 31, 2025
1Y high
0.03906
Mar 11, 2026
Normal band
0.03533–0.03721
mean ± 1 std dev
Deviation from mean
+1.09σ
251 observations
Soybeans Futures to Soybean Meal ratio charts
Pick a range once — it applies to the SOYBEAN-FUT/ZM ratio line, the OHLC candles and the Soybeans Futures / Soybean Meal price chart below.
SOYBEAN-FUT/ZM ratio line
How many Bu of Soybean Meal one Bu of Soybeans Futures buys, over 1Y.
SOYBEAN-FUT/ZM ratio candles
Open, high, low and close of the SOYBEAN-FUT/ZM ratio for each period in the last 1Y.
Soybeans 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 soybeans futures to soybean meal ratio
Soybeans Futures to Soybean Meal ratio = Soybeans Futures price per Bushel ÷ Soybean Meal price per Bushel
The two legs use different units, so the result is a rate — Bushels of soybean meal per Bushel of soybeans futures — rather than a plain count.
Worked example, live prices: $12.24 ÷ $328.36 = 0.03729. The inverse is 26.82.
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 soybeans futures to soybean meal ratio today?
The soybeans futures to soybean meal ratio is 0.03729 — Soybeans Futures at $12.24 per Bushel divided by Soybean Meal at $328.36 per Bushel, from live mid-market prices.
How do you calculate the soybeans futures to soybean meal ratio?
Divide the soybeans futures price per Bushel 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 Bushel of soybeans futures.
What is the inverse of the soybeans futures to soybean meal ratio?
The inverse, soybean meal to soybeans futures, is 26.82 — how many Bushels of soybeans futures one Bushel of soybean meal buys.