Commodity ratio · live
Lumber Futures to Wheat Futures Ratio
The lumber futures to wheat futures ratio is 0.8265 — Lumber Futures at $573.54 per Thousand Board Feet divided by Wheat Futures at $693.90 per Ounce.
Prices as of Aug 24, 2026, 12:26 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lumber Futures to Wheat Futures ratio
1.000 Mbf of lumber futures = 0.8265 Oz of wheat futures
Inverse (ZW-FUT/LB-FUT): 1.210 — one Ounce of wheat futures buys that much lumber futures.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Lumber Futures
$573.54
per Thousand Board Feet
Wheat Futures
$693.90
per Ounce
Unit basis: USD per Thousand Board Feet ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Thousand Board Feet of lumber futures. Prices as of Mon, 24 Aug 2026 12:26:11 GMT.
1Y average
1.023
median 1.015
1Y low
0.8238
Aug 15, 2026
1Y high
1.288
Oct 12, 2025
Normal band
0.9337–1.113
mean ± 1 std dev
Deviation from mean
-2.20σ
327 observations
Lumber Futures to Wheat Futures ratio charts
Pick a range once — it applies to the LB-FUT/ZW-FUT ratio line, the OHLC candles and the Lumber Futures / Wheat Futures price chart below.
LB-FUT/ZW-FUT ratio line
How many Oz of Wheat Futures one Mbf of Lumber Futures buys, over 1Y.
LB-FUT/ZW-FUT ratio candles
Open, high, low and close of the LB-FUT/ZW-FUT ratio for each period in the last 1Y.
Lumber Futures 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 lumber futures to wheat futures ratio
Lumber Futures to Wheat Futures ratio = Lumber Futures price per Thousand Board Feet ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Thousand Board Feet of lumber futures — rather than a plain count.
Worked example, live prices: $573.54 ÷ $693.90 = 0.8265. The inverse is 1.210.
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 lumber futures to wheat futures ratio today?
The lumber futures to wheat futures ratio is 0.8265 — Lumber Futures at $573.54 per Thousand Board Feet divided by Wheat Futures at $693.90 per Ounce, from live mid-market prices.
How do you calculate the lumber futures to wheat futures ratio?
Divide the lumber futures price per Thousand Board Feet 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 Thousand Board Feet of lumber futures.
What is the inverse of the lumber futures to wheat futures ratio?
The inverse, wheat futures to lumber futures, is 1.210 — how many Thousand Board Feets of lumber futures one Ounce of wheat futures buys.