Commodity ratio · live
Platinum to Wheat Futures Ratio
The platinum to wheat futures ratio is 2.715 — Platinum at $1,886.70 per Troy Ounce 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.
Platinum to Wheat Futures ratio
1.000 T.oz of platinum = 2.715 Oz of wheat futures
Inverse (ZW-FUT/PL): 0.3683 — one Ounce of wheat futures buys that much platinum.
Below its 1 year average. (17th percentile of the last 1 year)
Platinum
$1,886.70
per Troy Ounce
Wheat Futures
$694.92
per Ounce
Unit basis: USD per Troy Ounce ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Troy Ounce of platinum. Prices as of Mon, 24 Aug 2026 11:30:24 GMT.
1Y average
3.273
median 3.132
1Y low
2.261
Jul 23, 2026
1Y high
5.575
Jan 26, 2026
Normal band
2.652–3.895
mean ± 1 std dev
Deviation from mean
-0.90σ
301 observations
Platinum to Wheat Futures ratio charts
Pick a range once — it applies to the PL/ZW-FUT ratio line, the OHLC candles and the Platinum / Wheat Futures price chart below.
PL/ZW-FUT ratio line
How many Oz of Wheat Futures one T.oz of Platinum buys, over 1Y.
PL/ZW-FUT ratio candles
Open, high, low and close of the PL/ZW-FUT ratio for each period in the last 1Y.
Platinum 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 platinum to wheat futures ratio
Platinum to Wheat Futures ratio = Platinum 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 platinum — rather than a plain count.
Worked example, live prices: $1,886.70 ÷ $694.92 = 2.715. The inverse is 0.3683.
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 platinum to wheat futures ratio today?
The platinum to wheat futures ratio is 2.715 — Platinum at $1,886.70 per Troy Ounce divided by Wheat Futures at $694.92 per Ounce, from live mid-market prices.
How do you calculate the platinum to wheat futures ratio?
Divide the platinum 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 platinum.
What is the inverse of the platinum to wheat futures ratio?
The inverse, wheat futures to platinum, is 0.3683 — how many Troy Ounces of platinum one Ounce of wheat futures buys.