Commodity ratio · live
Soybean Oil to Magnesium Ratio
The soybean oil to magnesium ratio is 0.00004026 — Soybean Oil at $0.6804 per Pound divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:25 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Oil to Magnesium ratio
1.000 Lb of soybean oil = 0.00004026 T of magnesium
Inverse (MG/ZL): 24838 — one Metric Ton of magnesium buys that much soybean oil.
Above its 1 year average. (75th percentile of the last 1 year)
Soybean Oil
¢0.6804
per Pound
Magnesium
¥16,900.00
per Metric Ton
Unit basis: US Cent per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Pound of soybean oil. Prices as of Mon, 24 Aug 2026 10:25:40 GMT.
These two commodities are quoted in different currencies (US Cent and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.00003483
median 0.00003467
1Y low
0.00002758
Sep 23, 2025
1Y high
0.00004428
Jun 3, 2026
Normal band
0.00002952–0.00004013
mean ± 1 std dev
Deviation from mean
+1.02σ
247 observations
Soybean Oil to Magnesium ratio charts
Pick a range once — it applies to the ZL/MG ratio line, the OHLC candles and the Soybean Oil / Magnesium price chart below.
ZL/MG ratio line
How many T of Magnesium one Lb of Soybean Oil buys, over 1Y.
ZL/MG ratio candles
Open, high, low and close of the ZL/MG ratio for each period in the last 1Y.
Soybean Oil and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the soybean oil to magnesium ratio
Soybean Oil to Magnesium ratio = Soybean Oil price per Pound ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Pound of soybean oil — rather than a plain count.
Worked example, live prices: $0.6804 ÷ $16,900.00 = 0.00004026. The inverse is 24838.
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 soybean oil to magnesium ratio today?
The soybean oil to magnesium ratio is 0.00004026 — Soybean Oil at $0.6804 per Pound divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the soybean oil to magnesium ratio?
Divide the soybean oil price per Pound by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Pound of soybean oil.
What is the inverse of the soybean oil to magnesium ratio?
The inverse, magnesium to soybean oil, is 24838 — how many Pounds of soybean oil one Metric Ton of magnesium buys.