Commodity ratio · live
Soybean Meal to Magnesium Ratio
The soybean meal to magnesium ratio is 0.01943 — Soybean Meal at $328.31 per Bushel 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 Meal to Magnesium ratio
1.000 Bu of soybean meal = 0.01943 T of magnesium
Inverse (MG/ZM): 51.48 — one Metric Ton of magnesium buys that much soybean meal.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Soybean Meal
$328.31
per Bushel
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Bushel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 10:25:44 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.01777
median 0.01799
1Y low
0.01539
Oct 1, 2025
1Y high
0.02019
Jul 24, 2026
Normal band
0.01674–0.01881
mean ± 1 std dev
Deviation from mean
+1.60σ
247 observations
Soybean Meal to Magnesium ratio charts
Pick a range once — it applies to the ZM/MG ratio line, the OHLC candles and the Soybean Meal / Magnesium price chart below.
ZM/MG ratio line
How many T of Magnesium one Bu of Soybean Meal buys, over 1Y.
ZM/MG ratio candles
Open, high, low and close of the ZM/MG ratio for each period in the last 1Y.
Soybean Meal 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 meal to magnesium ratio
Soybean Meal to Magnesium ratio = Soybean Meal price per Bushel ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $328.31 ÷ $16,900.00 = 0.01943. The inverse is 51.48.
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 meal to magnesium ratio today?
The soybean meal to magnesium ratio is 0.01943 — Soybean Meal at $328.31 per Bushel divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the soybean meal to magnesium ratio?
Divide the soybean meal price per Bushel 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 Bushel of soybean meal.
What is the inverse of the soybean meal to magnesium ratio?
The inverse, magnesium to soybean meal, is 51.48 — how many Bushels of soybean meal one Metric Ton of magnesium buys.