Commodity ratio · live
Cheese to Wheat Futures Ratio
The cheese to wheat futures ratio is 0.002302 — Cheese at $1.60 per Pound divided by Wheat Futures at $694.92 per Ounce.
Prices as of Aug 24, 2026, 11:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cheese to Wheat Futures ratio
1.000 Lb of cheese = 0.002302 Oz of wheat futures
Inverse (ZW-FUT/CHE): 434.3 — one Ounce of wheat futures buys that much cheese.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Cheese
$1.60
per Pound
Wheat Futures
$694.92
per Ounce
Unit basis: USD per Pound ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Pound of cheese. Prices as of Mon, 24 Aug 2026 11:30:19 GMT.
1Y average
0.002863
median 0.002779
1Y low
0.002299
Aug 23, 2026
1Y high
0.003723
Aug 31, 2025
Normal band
0.002550–0.003176
mean ± 1 std dev
Deviation from mean
-1.79σ
328 observations
Cheese to Wheat Futures ratio charts
Pick a range once — it applies to the CHE/ZW-FUT ratio line, the OHLC candles and the Cheese / Wheat Futures price chart below.
CHE/ZW-FUT ratio line
How many Oz of Wheat Futures one Lb of Cheese buys, over 1Y.
CHE/ZW-FUT ratio candles
Open, high, low and close of the CHE/ZW-FUT ratio for each period in the last 1Y.
Cheese 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 cheese to wheat futures ratio
Cheese to Wheat Futures ratio = Cheese price per Pound ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Pound of cheese — rather than a plain count.
Worked example, live prices: $1.60 ÷ $694.92 = 0.002302. The inverse is 434.3.
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 cheese to wheat futures ratio today?
The cheese to wheat futures ratio is 0.002302 — Cheese at $1.60 per Pound divided by Wheat Futures at $694.92 per Ounce, from live mid-market prices.
How do you calculate the cheese to wheat futures ratio?
Divide the cheese price per Pound 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 Pound of cheese.
What is the inverse of the cheese to wheat futures ratio?
The inverse, wheat futures to cheese, is 434.3 — how many Pounds of cheese one Ounce of wheat futures buys.