Commodity ratio · live
Butter to Wheat Futures Ratio
The butter to wheat futures ratio is 6.271 — Butter at $4,350.00 per Metric Ton divided by Wheat Futures at $693.65 per Ounce.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Wheat Futures ratio
1.000 T of butter = 6.271 Oz of wheat futures
Inverse (ZW-FUT/BUTTER): 0.1595 — one Ounce of wheat futures buys that much butter.
Below its 1 year average. (14th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Wheat Futures
$693.65
per Ounce
Unit basis: EUR per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 10:35:24 GMT.
These two commodities are quoted in different currencies (EUR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
7.862
median 7.597
1Y low
5.576
Jul 22, 2026
1Y high
13.89
Aug 24, 2025
Normal band
6.280–9.443
mean ± 1 std dev
Deviation from mean
-1.01σ
326 observations
Butter to Wheat Futures ratio charts
Pick a range once — it applies to the BUTTER/ZW-FUT ratio line, the OHLC candles and the Butter / Wheat Futures price chart below.
BUTTER/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Butter buys, over 1Y.
BUTTER/ZW-FUT ratio candles
Open, high, low and close of the BUTTER/ZW-FUT ratio for each period in the last 1Y.
Butter and Wheat Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the butter to wheat futures ratio
Butter to Wheat Futures ratio = Butter price per Metric Ton ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $693.65 = 6.271. The inverse is 0.1595.
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 butter to wheat futures ratio today?
The butter to wheat futures ratio is 6.271 — Butter at $4,350.00 per Metric Ton divided by Wheat Futures at $693.65 per Ounce, from live mid-market prices.
How do you calculate the butter to wheat futures ratio?
Divide the butter price per Metric Ton by the wheat futures price per Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Ounces of wheat futures per Metric Ton of butter.
What is the inverse of the butter to wheat futures ratio?
The inverse, wheat futures to butter, is 0.1595 — how many Metric Tons of butter one Ounce of wheat futures buys.