Commodity ratio · live
Soybean Meal to Nickel Futures Ratio
The soybean meal to nickel futures ratio is 0.01930 — Soybean Meal at $328.21 per Bushel divided by Nickel Futures at $17,004.63 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Nickel Futures ratio
1.000 Bu of soybean meal = 0.01930 T of nickel futures
Inverse (NICKEL-FUT/ZM): 51.81 — one Metric Ton of nickel futures buys that much soybean meal.
Above its 1 year average. (81th percentile of the last 1 year)
Soybean Meal
$328.21
per Bushel
Nickel Futures
$17,004.63
per Metric Ton
Unit basis: USD per Bushel ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 10:35:57 GMT.
1Y average
0.01853
median 0.01839
1Y low
0.01550
Jan 15, 2026
1Y high
0.02296
Nov 17, 2025
Normal band
0.01709–0.01996
mean ± 1 std dev
Deviation from mean
+0.54σ
251 observations
Soybean Meal to Nickel Futures ratio charts
Pick a range once — it applies to the ZM/NICKEL-FUT ratio line, the OHLC candles and the Soybean Meal / Nickel Futures price chart below.
ZM/NICKEL-FUT ratio line
How many T of Nickel Futures one Bu of Soybean Meal buys, over 1Y.
ZM/NICKEL-FUT ratio candles
Open, high, low and close of the ZM/NICKEL-FUT ratio for each period in the last 1Y.
Soybean Meal and Nickel 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 nickel futures ratio
Soybean Meal to Nickel Futures ratio = Soybean Meal price per Bushel ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $328.21 ÷ $17,004.63 = 0.01930. The inverse is 51.81.
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 nickel futures ratio today?
The soybean meal to nickel futures ratio is 0.01930 — Soybean Meal at $328.21 per Bushel divided by Nickel Futures at $17,004.63 per Metric Ton, from live mid-market prices.
How do you calculate the soybean meal to nickel futures ratio?
Divide the soybean meal price per Bushel by the nickel 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 nickel futures per Bushel of soybean meal.
What is the inverse of the soybean meal to nickel futures ratio?
The inverse, nickel futures to soybean meal, is 51.81 — how many Bushels of soybean meal one Metric Ton of nickel futures buys.