Commodity ratio · live
Ethanol to Wheat Futures Ratio
The ethanol to wheat futures ratio is 0.003050 — Ethanol at $2.12 per Gallon divided by Wheat Futures at $695.06 per Ounce.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Ethanol to Wheat Futures ratio
1.000 Gal of ethanol = 0.003050 Oz of wheat futures
Inverse (ZW-FUT/ETHANOL): 327.9 — one Ounce of wheat futures buys that much ethanol.
Below its 1 year average. (23th percentile of the last 1 year)
Ethanol
$2.12
per Gallon
Wheat Futures
$695.06
per Ounce
Unit basis: USD per Gallon ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Gallon of ethanol. Prices as of Mon, 24 Aug 2026 11:34:03 GMT.
1Y average
0.003196
median 0.003146
1Y low
0.002710
Jul 22, 2026
1Y high
0.004127
Aug 31, 2025
Normal band
0.002979–0.003412
mean ± 1 std dev
Deviation from mean
-0.67σ
327 observations
Ethanol to Wheat Futures ratio charts
Pick a range once — it applies to the ETHANOL/ZW-FUT ratio line, the OHLC candles and the Ethanol / Wheat Futures price chart below.
ETHANOL/ZW-FUT ratio line
How many Oz of Wheat Futures one Gal of Ethanol buys, over 1Y.
ETHANOL/ZW-FUT ratio candles
Open, high, low and close of the ETHANOL/ZW-FUT ratio for each period in the last 1Y.
Ethanol 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 ethanol to wheat futures ratio
Ethanol to Wheat Futures ratio = Ethanol price per Gallon ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Gallon of ethanol — rather than a plain count.
Worked example, live prices: $2.12 ÷ $695.06 = 0.003050. The inverse is 327.9.
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 ethanol to wheat futures ratio today?
The ethanol to wheat futures ratio is 0.003050 — Ethanol at $2.12 per Gallon divided by Wheat Futures at $695.06 per Ounce, from live mid-market prices.
How do you calculate the ethanol to wheat futures ratio?
Divide the ethanol price per Gallon 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 Gallon of ethanol.
What is the inverse of the ethanol to wheat futures ratio?
The inverse, wheat futures to ethanol, is 327.9 — how many Gallons of ethanol one Ounce of wheat futures buys.