Commodity ratio · live
Soybean Meal to Soybean Oil Ratio
The soybean meal to soybean oil ratio is 482.9 — Soybean Meal at $328.36 per Bushel divided by Soybean Oil at $0.6800 per Pound.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Meal to Soybean Oil ratio
1.000 Bu of soybean meal = 482.882 Lb of soybean oil
Inverse (ZL/ZM): 0.002071 — one Pound of soybean oil buys that much soybean meal.
Close to the middle of its 1 year range. (43th percentile of the last 1 year)
Soybean Meal
$328.36
per Bushel
Soybean Oil
¢0.6800
per Pound
Unit basis: USD per Bushel ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Bushel of soybean meal. Prices as of Mon, 24 Aug 2026 10:28:26 GMT.
1Y average
519.2
median 519.2
1Y low
407.9
Jun 4, 2026
1Y high
672.1
Nov 3, 2025
Normal band
452.4–586.0
mean ± 1 std dev
Deviation from mean
-0.54σ
251 observations
Soybean Meal to Soybean Oil ratio charts
Pick a range once — it applies to the ZM/ZL ratio line, the OHLC candles and the Soybean Meal / Soybean Oil price chart below.
ZM/ZL ratio line
How many Lb of Soybean Oil one Bu of Soybean Meal buys, over 1Y.
ZM/ZL ratio candles
Open, high, low and close of the ZM/ZL ratio for each period in the last 1Y.
Soybean Meal and Soybean Oil 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 soybean oil ratio
Soybean Meal to Soybean Oil ratio = Soybean Meal price per Bushel ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Bushel of soybean meal — rather than a plain count.
Worked example, live prices: $328.36 ÷ $0.6800 = 482.9. The inverse is 0.002071.
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 soybean oil ratio today?
The soybean meal to soybean oil ratio is 482.9 — Soybean Meal at $328.36 per Bushel divided by Soybean Oil at $0.6800 per Pound, from live mid-market prices.
How do you calculate the soybean meal to soybean oil ratio?
Divide the soybean meal price per Bushel by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Bushel of soybean meal.
What is the inverse of the soybean meal to soybean oil ratio?
The inverse, soybean oil to soybean meal, is 0.002071 — how many Bushels of soybean meal one Pound of soybean oil buys.