Commodity ratio · live
Natural Gas Futures to Wheat Futures Ratio
The natural gas futures to wheat futures ratio is 0.003978 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Wheat Futures at $693.90 per Ounce.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Wheat Futures ratio
1.000 MMBtu of natural gas futures = 0.003978 Oz of wheat futures
Inverse (ZW-FUT/NG-FUT): 251.4 — one Ounce of wheat futures buys that much natural gas futures.
Near the bottom of its 1 year range — historically compressed. (1th percentile of the last 1 year)
Natural Gas Futures
$2.76
per Million British Thermal Units
Wheat Futures
$693.90
per Ounce
Unit basis: USD per Million British Thermal Units ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:37:58 GMT.
1Y average
0.005876
median 0.005448
1Y low
0.003909
Aug 23, 2026
1Y high
0.01300
Jan 25, 2026
Normal band
0.004337–0.007415
mean ± 1 std dev
Deviation from mean
-1.23σ
328 observations
Natural Gas Futures to Wheat Futures ratio charts
Pick a range once — it applies to the NG-FUT/ZW-FUT ratio line, the OHLC candles and the Natural Gas Futures / Wheat Futures price chart below.
NG-FUT/ZW-FUT ratio line
How many Oz of Wheat Futures one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/ZW-FUT ratio candles
Open, high, low and close of the NG-FUT/ZW-FUT ratio for each period in the last 1Y.
Natural Gas 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 natural gas futures to wheat futures ratio
Natural Gas Futures to Wheat Futures ratio = Natural Gas Futures price per Million British Thermal Units ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.76 ÷ $693.90 = 0.003978. The inverse is 251.4.
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 natural gas futures to wheat futures ratio today?
The natural gas futures to wheat futures ratio is 0.003978 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Wheat Futures at $693.90 per Ounce, from live mid-market prices.
How do you calculate the natural gas futures to wheat futures ratio?
Divide the natural gas futures price per Million British Thermal Units 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 Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to wheat futures ratio?
The inverse, wheat futures to natural gas futures, is 251.4 — how many Million British Thermal Unitss of natural gas futures one Ounce of wheat futures buys.