Commodity ratio · live
Iron Ore to Wheat Futures Ratio
The iron ore to wheat futures ratio is 0.1464 — Iron Ore at $101.60 per Metric Ton divided by Wheat Futures at $694.15 per Ounce.
Prices as of Aug 24, 2026, 12:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Iron Ore to Wheat Futures ratio
1.000 T of iron ore = 0.1464 Oz of wheat futures
Inverse (ZW-FUT/IORECR): 6.832 — one Ounce of wheat futures buys that much iron ore.
Iron Ore
$101.60
per Metric Ton
Wheat Futures
$694.15
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of iron ore. Prices as of Mon, 24 Aug 2026 12:25:35 GMT.
Iron Ore to Wheat Futures ratio charts
Pick a range once — it applies to the IORECR/ZW-FUT ratio line, the OHLC candles and the Iron Ore / Wheat Futures price chart below.
IORECR/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Iron Ore buys, over 1Y.
No overlapping history for IORECR/ZW-FUT over 1Y. Try a longer range.
IORECR/ZW-FUT ratio candles
Open, high, low and close of the IORECR/ZW-FUT ratio for each period in the last 1Y.
No overlapping history for IORECR/ZW-FUT over 1Y. Try a longer range.
Iron Ore 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 iron ore to wheat futures ratio
Iron Ore to Wheat Futures ratio = Iron Ore 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 iron ore — rather than a plain count.
Worked example, live prices: $101.60 ÷ $694.15 = 0.1464. The inverse is 6.832.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the iron ore to wheat futures ratio today?
The iron ore to wheat futures ratio is 0.1464 — Iron Ore at $101.60 per Metric Ton divided by Wheat Futures at $694.15 per Ounce, from live mid-market prices.
How do you calculate the iron ore to wheat futures ratio?
Divide the iron ore 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 iron ore.
What is the inverse of the iron ore to wheat futures ratio?
The inverse, wheat futures to iron ore, is 6.832 — how many Metric Tons of iron ore one Ounce of wheat futures buys.