Commodity ratio · live
Soybean Oil to Wheat Futures Ratio
The soybean oil to wheat futures ratio is 0.0009763 — Soybean Oil at $0.6777 per Pound divided by Wheat Futures at $694.15 per Ounce.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Oil to Wheat Futures ratio
1.000 Lb of soybean oil = 0.0009763 Oz of wheat futures
Inverse (ZW-FUT/ZL): 1024 — one Ounce of wheat futures buys that much soybean oil.
Below its 1 year average. (23th percentile of the last 1 year)
Soybean Oil
¢0.6777
per Pound
Wheat Futures
$694.15
per Ounce
Unit basis: US Cent per Pound ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Pound of soybean oil. Prices as of Mon, 24 Aug 2026 12:24:24 GMT.
1Y average
0.001058
median 0.001048
1Y low
0.0008844
Nov 3, 2025
1Y high
0.001324
Jun 3, 2026
Normal band
0.0009723–0.001144
mean ± 1 std dev
Deviation from mean
-0.95σ
241 observations
Soybean Oil to Wheat Futures ratio charts
Pick a range once — it applies to the ZL/ZW-FUT ratio line, the OHLC candles and the Soybean Oil / Wheat Futures price chart below.
ZL/ZW-FUT ratio line
How many Oz of Wheat Futures one Lb of Soybean Oil buys, over 1Y.
ZL/ZW-FUT ratio candles
Open, high, low and close of the ZL/ZW-FUT ratio for each period in the last 1Y.
Soybean Oil and Wheat Futures 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 wheat futures ratio
Soybean Oil to Wheat Futures ratio = Soybean Oil price per Pound ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Pound of soybean oil — rather than a plain count.
Worked example, live prices: $0.6777 ÷ $694.15 = 0.0009763. The inverse is 1024.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the soybean oil to wheat futures ratio today?
The soybean oil to wheat futures ratio is 0.0009763 — Soybean Oil at $0.6777 per Pound divided by Wheat Futures at $694.15 per Ounce, from live mid-market prices.
How do you calculate the soybean oil to wheat futures ratio?
Divide the soybean oil price per Pound by the wheat futures price per Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Ounces of wheat futures per Pound of soybean oil.
What is the inverse of the soybean oil to wheat futures ratio?
The inverse, wheat futures to soybean oil, is 1024 — how many Pounds of soybean oil one Ounce of wheat futures buys.