Commodity ratio · live
Soybean Meal to Lead Futures Ratio
The soybean meal to lead futures ratio is 0.1716 — Soybean Meal at $327.81 per Bushel divided by Lead Futures at $1,910.28 per Metric Ton.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Lead Futures ratio
1.000 Bu of soybean meal = 0.1716 T of lead futures
Inverse (LEAD-FUT/ZM): 5.827 — one Metric Ton of lead futures buys that much soybean meal.
Near the top of its 1 year range — historically stretched. (95th percentile of the last 1 year)
Soybean Meal
$327.81
per Bushel
Lead Futures
$1,910.28
per Metric Ton
Unit basis: USD per Bushel ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 11:28:08 GMT.
1Y average
0.1573
median 0.1591
1Y low
0.1346
Oct 1, 2025
1Y high
0.1782
Jul 24, 2026
Normal band
0.1476–0.1670
mean ± 1 std dev
Deviation from mean
+1.47σ
240 observations
Soybean Meal to Lead Futures ratio charts
Pick a range once — it applies to the ZM/LEAD-FUT ratio line, the OHLC candles and the Soybean Meal / Lead Futures price chart below.
ZM/LEAD-FUT ratio line
How many T of Lead Futures one Bu of Soybean Meal buys, over 1Y.
ZM/LEAD-FUT ratio candles
Open, high, low and close of the ZM/LEAD-FUT ratio for each period in the last 1Y.
Soybean Meal and Lead 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 meal to lead futures ratio
Soybean Meal to Lead Futures ratio = Soybean Meal price per Bushel ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $327.81 ÷ $1,910.28 = 0.1716. The inverse is 5.827.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the soybean meal to lead futures ratio today?
The soybean meal to lead futures ratio is 0.1716 — Soybean Meal at $327.81 per Bushel divided by Lead Futures at $1,910.28 per Metric Ton, from live mid-market prices.
How do you calculate the soybean meal to lead futures ratio?
Divide the soybean meal price per Bushel by the lead futures 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 lead futures per Bushel of soybean meal.
What is the inverse of the soybean meal to lead futures ratio?
The inverse, lead futures to soybean meal, is 5.827 — how many Bushels of soybean meal one Metric Ton of lead futures buys.