Commodity ratio · live
Coal to Wheat Futures Ratio
The coal to wheat futures ratio is 0.1892 — Coal at $131.50 per Metric Ton divided by Wheat Futures at $695.04 per Ounce.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Coal to Wheat Futures ratio
1.000 T of coal = 0.1892 Oz of wheat futures
Inverse (ZW-FUT/COAL): 5.285 — one Ounce of wheat futures buys that much coal.
Near the bottom of its 1 year range — historically compressed. (1th percentile of the last 1 year)
Coal
$131.50
per Metric Ton
Wheat Futures
$695.04
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of coal. Prices as of Mon, 24 Aug 2026 11:35:09 GMT.
1Y average
0.2137
median 0.2099
1Y low
0.1847
Jul 22, 2026
1Y high
0.2599
Jun 7, 2026
Normal band
0.1978–0.2297
mean ± 1 std dev
Deviation from mean
-1.54σ
327 observations
Coal to Wheat Futures ratio charts
Pick a range once — it applies to the COAL/ZW-FUT ratio line, the OHLC candles and the Coal / Wheat Futures price chart below.
COAL/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Coal buys, over 1Y.
COAL/ZW-FUT ratio candles
Open, high, low and close of the COAL/ZW-FUT ratio for each period in the last 1Y.
Coal 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 coal to wheat futures ratio
Coal to Wheat Futures ratio = Coal 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 coal — rather than a plain count.
Worked example, live prices: $131.50 ÷ $695.04 = 0.1892. The inverse is 5.285.
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 coal to wheat futures ratio today?
The coal to wheat futures ratio is 0.1892 — Coal at $131.50 per Metric Ton divided by Wheat Futures at $695.04 per Ounce, from live mid-market prices.
How do you calculate the coal to wheat futures ratio?
Divide the coal 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 coal.
What is the inverse of the coal to wheat futures ratio?
The inverse, wheat futures to coal, is 5.285 — how many Metric Tons of coal one Ounce of wheat futures buys.