Commodity ratio · live
Wheat Futures to Soybean Oil Ratio
The wheat futures to soybean oil ratio is 1024 — Wheat Futures at $694.15 per Ounce divided by Soybean Oil at $0.6777 per Pound.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Soybean Oil ratio
1.000 Oz of wheat futures = 1,024.3 Lb of soybean oil
Inverse (ZL/ZW-FUT): 0.0009763 — one Pound of soybean oil buys that much wheat futures.
Above its 1 year average. (77th percentile of the last 1 year)
Wheat Futures
$694.15
per Ounce
Soybean Oil
¢0.6777
per Pound
Unit basis: USD per Ounce ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:24:24 GMT.
1Y average
951.3
median 954.4
1Y low
755.3
Jun 3, 2026
1Y high
1131
Nov 3, 2025
Normal band
876.3–1026
mean ± 1 std dev
Deviation from mean
+0.97σ
241 observations
Wheat Futures to Soybean Oil ratio charts
Pick a range once — it applies to the ZW-FUT/ZL ratio line, the OHLC candles and the Wheat Futures / Soybean Oil price chart below.
ZW-FUT/ZL ratio line
How many Lb of Soybean Oil one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/ZL ratio candles
Open, high, low and close of the ZW-FUT/ZL ratio for each period in the last 1Y.
Wheat Futures 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 wheat futures to soybean oil ratio
Wheat Futures to Soybean Oil ratio = Wheat Futures price per Ounce ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $694.15 ÷ $0.6777 = 1024. The inverse is 0.0009763.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the wheat futures to soybean oil ratio today?
The wheat futures to soybean oil ratio is 1024 — Wheat Futures at $694.15 per Ounce divided by Soybean Oil at $0.6777 per Pound, from live mid-market prices.
How do you calculate the wheat futures to soybean oil ratio?
Divide the wheat futures price per Ounce 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 Ounce of wheat futures.
What is the inverse of the wheat futures to soybean oil ratio?
The inverse, soybean oil to wheat futures, is 0.0009763 — how many Ounces of wheat futures one Pound of soybean oil buys.