Commodity ratio · live
Lamb to Wheat Futures Ratio
The lamb to wheat futures ratio is 0.9734 — Lamb at $676.41 per Kilogram 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.
Lamb to Wheat Futures ratio
1.000 kg of lamb = 0.9734 Oz of wheat futures
Inverse (ZW-FUT/LAMB): 1.027 — one Ounce of wheat futures buys that much lamb.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Lamb
$676.41
per Kilogram
Wheat Futures
$694.92
per Ounce
Unit basis: USD per Kilogram ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Kilogram of lamb. Prices as of Mon, 24 Aug 2026 11:30:10 GMT.
1Y average
1.022
median 1.013
1Y low
0.9824
Aug 20, 2026
1Y high
1.071
Aug 6, 2026
Normal band
0.9946–1.049
mean ± 1 std dev
Deviation from mean
-1.78σ
13 observations
Lamb to Wheat Futures ratio charts
Pick a range once — it applies to the LAMB/ZW-FUT ratio line, the OHLC candles and the Lamb / Wheat Futures price chart below.
LAMB/ZW-FUT ratio line
How many Oz of Wheat Futures one kg of Lamb buys, over 1Y.
LAMB/ZW-FUT ratio candles
Open, high, low and close of the LAMB/ZW-FUT ratio for each period in the last 1Y.
Lamb 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 lamb to wheat futures ratio
Lamb to Wheat Futures ratio = Lamb price per Kilogram ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Kilogram of lamb — rather than a plain count.
Worked example, live prices: $676.41 ÷ $694.92 = 0.9734. The inverse is 1.027.
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 lamb to wheat futures ratio today?
The lamb to wheat futures ratio is 0.9734 — Lamb at $676.41 per Kilogram divided by Wheat Futures at $694.92 per Ounce, from live mid-market prices.
How do you calculate the lamb to wheat futures ratio?
Divide the lamb price per Kilogram 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 Kilogram of lamb.
What is the inverse of the lamb to wheat futures ratio?
The inverse, wheat futures to lamb, is 1.027 — how many Kilograms of lamb one Ounce of wheat futures buys.