Commodity ratio · live

Wheat Futures to Soybean Oil Ratio

The wheat futures to soybean oil ratio is 1052 Wheat Futures at $732.59 per Ounce divided by Soybean Oil at $0.6966 per Pound.

Prices as of Sep 16, 2026, 6:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.

Ounce
ZW-FUT · USD per Ounce
ZL · US Cent per Pound

Wheat Futures to Soybean Oil ratio

1052+3.24% / 1Y

1.000 Oz of wheat futures = 1,051.7 Lb of soybean oil

Inverse (ZL/ZW-FUT): 0.0009509 — one Pound of soybean oil buys that much wheat futures.

Near the top of its 1 year range — historically stretched. (91th percentile of the last 1 year)

Wheat Futures

$732.59

per Ounce

Soybean Oil

¢0.6966

per Pound

Unit basis: USD per Ounce ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Ounce of wheat futures. Prices as of Wed, 16 Sep 2026 18:25:13 GMT.

Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.

1Y average

956.2

median 956.6

1Y low

755.3

Jun 3, 2026

1Y high

1133

Aug 27, 2026

Normal band

879.6–1033

mean ± 1 std dev

Deviation from mean

+1.25σ

252 observations

Wheat Futures to Soybean Oil ratio charts

Pick a range once — it applies to the ZW-FUT/ZL ratio line, the OHLC candles and the Wheat Futures / Soybean Oil price chart below.

ZW-FUT/ZL ratio line

How many Lb of Soybean Oil one Oz of Wheat Futures buys, over 1Y.

ZW-FUT/ZL ratio candles

Open, high, low and close of the ZW-FUT/ZL ratio for each period in the last 1Y.

Wheat Futures and Soybean Oil prices

Both legs of the ratio on their own axes, so you can see which one moved over 1Y.

How to calculate the wheat futures to soybean oil ratio

Wheat Futures to Soybean Oil ratio = Wheat Futures price per Ounce ÷ Soybean Oil price per Pound

The two legs use different units, so the result is a rate — Pounds of soybean oil per Ounce of wheat futures — rather than a plain count.

Worked example, live prices: $732.59 ÷ ¢0.6966 = 1052. The inverse is 0.0009509.

Live prices behind the ratio

#SymbolNameRate (USD)
1XAUGold4297.52
2XAGSilver63.77
3WTIOIL-FUTCrude Oil WTI Futures102.06
4BRENTOIL-FUTCrude Oil Brent Futures105.65
5NG-FUTNatural Gas Futures2.89
6PLPlatinum1775.01
7PAPalladium1299.20

Frequently asked questions

What is the wheat futures to soybean oil ratio today?

The wheat futures to soybean oil ratio is 1052 — Wheat Futures at $732.59 per Ounce divided by Soybean Oil at ¢0.6966 per Pound, from live mid-market prices.

How do you calculate the wheat futures to soybean oil ratio?

Divide the wheat futures price per Ounce by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Ounce of wheat futures.

What is the inverse of the wheat futures to soybean oil ratio?

The inverse, soybean oil to wheat futures, is 0.0009509 — how many Ounces of wheat futures one Pound of soybean oil buys.

Wheat Futures to Soybean Oil Ratio — 1052 Today | CommodityPriceAPI