Commodity ratio · live
Palladium to Wheat Futures Ratio
The palladium to wheat futures ratio is 1.951 — Palladium at $1,354.30 per Troy Ounce divided by Wheat Futures at $694.15 per Ounce.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Palladium to Wheat Futures ratio
1.000 T.oz of palladium = 1.951 Oz of wheat futures
Inverse (ZW-FUT/PA): 0.5126 — one Ounce of wheat futures buys that much palladium.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Palladium
$1,354.30
per Troy Ounce
Wheat Futures
$694.15
per Ounce
Unit basis: USD per Troy Ounce ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Troy Ounce of palladium. Prices as of Mon, 24 Aug 2026 12:24:13 GMT.
1Y average
2.592
median 2.555
1Y low
1.781
Jul 23, 2026
1Y high
4.133
Jan 26, 2026
Normal band
2.100–3.084
mean ± 1 std dev
Deviation from mean
-1.30σ
301 observations
Palladium to Wheat Futures ratio charts
Pick a range once — it applies to the PA/ZW-FUT ratio line, the OHLC candles and the Palladium / Wheat Futures price chart below.
PA/ZW-FUT ratio line
How many Oz of Wheat Futures one T.oz of Palladium buys, over 1Y.
PA/ZW-FUT ratio candles
Open, high, low and close of the PA/ZW-FUT ratio for each period in the last 1Y.
Palladium 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 palladium to wheat futures ratio
Palladium to Wheat Futures ratio = Palladium price per Troy Ounce ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Troy Ounce of palladium — rather than a plain count.
Worked example, live prices: $1,354.30 ÷ $694.15 = 1.951. The inverse is 0.5126.
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 palladium to wheat futures ratio today?
The palladium to wheat futures ratio is 1.951 — Palladium at $1,354.30 per Troy Ounce divided by Wheat Futures at $694.15 per Ounce, from live mid-market prices.
How do you calculate the palladium to wheat futures ratio?
Divide the palladium price per Troy Ounce 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 Troy Ounce of palladium.
What is the inverse of the palladium to wheat futures ratio?
The inverse, wheat futures to palladium, is 0.5126 — how many Troy Ounces of palladium one Ounce of wheat futures buys.