Commodity ratio · live
Nickel Futures to Wheat Futures Ratio
The nickel futures to wheat futures ratio is 24.51 — Nickel Futures at $16,995.38 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.
Nickel Futures to Wheat Futures ratio
1.000 T of nickel futures = 24.511 Oz of wheat futures
Inverse (ZW-FUT/NICKEL-FUT): 0.04080 — one Ounce of wheat futures buys that much nickel futures.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Nickel Futures
$16,995.38
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 nickel futures. Prices as of Mon, 24 Aug 2026 10:38:25 GMT.
1Y average
29.45
median 29.28
1Y low
24.19
Jul 22, 2026
1Y high
36.83
Jan 6, 2026
Normal band
27.04–31.86
mean ± 1 std dev
Deviation from mean
-2.05σ
328 observations
Nickel Futures to Wheat Futures ratio charts
Pick a range once — it applies to the NICKEL-FUT/ZW-FUT ratio line, the OHLC candles and the Nickel Futures / Wheat Futures price chart below.
NICKEL-FUT/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/ZW-FUT ratio candles
Open, high, low and close of the NICKEL-FUT/ZW-FUT ratio for each period in the last 1Y.
Nickel 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 nickel futures to wheat futures ratio
Nickel Futures to Wheat Futures ratio = Nickel Futures 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 nickel futures — rather than a plain count.
Worked example, live prices: $16,995.38 ÷ $693.39 = 24.51. The inverse is 0.04080.
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 nickel futures to wheat futures ratio today?
The nickel futures to wheat futures ratio is 24.51 — Nickel Futures at $16,995.38 per Metric Ton divided by Wheat Futures at $693.39 per Ounce, from live mid-market prices.
How do you calculate the nickel futures to wheat futures ratio?
Divide the nickel futures 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 nickel futures.
What is the inverse of the nickel futures to wheat futures ratio?
The inverse, wheat futures to nickel futures, is 0.04080 — how many Metric Tons of nickel futures one Ounce of wheat futures buys.