Commodity ratio · live
Hot-Rolled Coil Steel to Wheat Futures Ratio
The hot-rolled coil steel to wheat futures ratio is 1.726 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Wheat Futures at $693.39 per Ounce.
Prices as of Aug 24, 2026, 10:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Hot-Rolled Coil Steel to Wheat Futures ratio
1.000 T of hot-rolled coil steel = 1.726 Oz of wheat futures
Inverse (ZW-FUT/HRC-STEEL): 0.5792 — one Ounce of wheat futures buys that much hot-rolled coil steel.
Close to the middle of its 1 year range. (31th percentile of the last 1 year)
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Wheat Futures
$693.39
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of hot-rolled coil steel. Prices as of Mon, 24 Aug 2026 10:38:25 GMT.
1Y average
1.773
median 1.777
1Y low
1.485
Aug 24, 2025
1Y high
2.097
Jun 29, 2026
Normal band
1.642–1.904
mean ± 1 std dev
Deviation from mean
-0.35σ
327 observations
Hot-Rolled Coil Steel to Wheat Futures ratio charts
Pick a range once — it applies to the HRC-STEEL/ZW-FUT ratio line, the OHLC candles and the Hot-Rolled Coil Steel / Wheat Futures price chart below.
HRC-STEEL/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Hot-Rolled Coil Steel buys, over 1Y.
HRC-STEEL/ZW-FUT ratio candles
Open, high, low and close of the HRC-STEEL/ZW-FUT ratio for each period in the last 1Y.
Hot-Rolled Coil Steel 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 hot-rolled coil steel to wheat futures ratio
Hot-Rolled Coil Steel to Wheat Futures ratio = Hot-Rolled Coil Steel 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 hot-rolled coil steel — rather than a plain count.
Worked example, live prices: $1,197.06 ÷ $693.39 = 1.726. The inverse is 0.5792.
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 hot-rolled coil steel to wheat futures ratio today?
The hot-rolled coil steel to wheat futures ratio is 1.726 — Hot-Rolled Coil Steel at $1,197.06 per Metric Ton divided by Wheat Futures at $693.39 per Ounce, from live mid-market prices.
How do you calculate the hot-rolled coil steel to wheat futures ratio?
Divide the hot-rolled coil steel 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 hot-rolled coil steel.
What is the inverse of the hot-rolled coil steel to wheat futures ratio?
The inverse, wheat futures to hot-rolled coil steel, is 0.5792 — how many Metric Tons of hot-rolled coil steel one Ounce of wheat futures buys.