Commodity ratio · live
Soybean Meal to Natural Gas Futures Ratio
The soybean meal to natural gas futures ratio is 117.1 — Soybean Meal at $327.76 per Bushel divided by Natural Gas Futures at $2.80 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Natural Gas Futures ratio
1.000 Bu of soybean meal = 117.057 MMBtu of natural gas futures
Inverse (NG-FUT/ZM): 0.008543 — one Million British Thermal Units of natural gas futures buys that much soybean meal.
Above its 1 year average. (90th percentile of the last 1 year)
Soybean Meal
$327.76
per Bushel
Natural Gas Futures
$2.80
per Million British Thermal Units
Unit basis: USD per Bushel ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 11:33:11 GMT.
1Y average
96.11
median 96.49
1Y low
53.59
Jan 21, 2026
1Y high
130.2
Apr 14, 2026
Normal band
79.12–113.1
mean ± 1 std dev
Deviation from mean
+1.23σ
247 observations
Soybean Meal to Natural Gas Futures ratio charts
Pick a range once — it applies to the ZM/NG-FUT ratio line, the OHLC candles and the Soybean Meal / Natural Gas Futures price chart below.
ZM/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Bu of Soybean Meal buys, over 1Y.
ZM/NG-FUT ratio candles
Open, high, low and close of the ZM/NG-FUT ratio for each period in the last 1Y.
Soybean Meal and Natural Gas 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 natural gas futures ratio
Soybean Meal to Natural Gas Futures ratio = Soybean Meal price per Bushel ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $327.76 ÷ $2.80 = 117.1. The inverse is 0.008543.
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 natural gas futures ratio today?
The soybean meal to natural gas futures ratio is 117.1 — Soybean Meal at $327.76 per Bushel divided by Natural Gas Futures at $2.80 per Million British Thermal Units, from live mid-market prices.
How do you calculate the soybean meal to natural gas futures ratio?
Divide the soybean meal price per Bushel by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Bushel of soybean meal.
What is the inverse of the soybean meal to natural gas futures ratio?
The inverse, natural gas futures to soybean meal, is 0.008543 — how many Bushels of soybean meal one Million British Thermal Units of natural gas futures buys.