Commodity ratio · live
Phosphate Rock to Wheat Futures Ratio
The phosphate rock to wheat futures ratio is 0.2198 — Phosphate Rock at $152.50 per Metric Ton divided by Wheat Futures at $693.92 per Ounce.
Prices as of Aug 24, 2026, 11:06 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Phosphate Rock to Wheat Futures ratio
1.000 T of phosphate rock = 0.2198 Oz of wheat futures
Inverse (ZW-FUT/PR): 4.550 — one Ounce of wheat futures buys that much phosphate rock.
Phosphate Rock
$152.50
per Metric Ton
Wheat Futures
$693.92
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of phosphate rock. Prices as of Mon, 24 Aug 2026 11:06:10 GMT.
Phosphate Rock to Wheat Futures ratio charts
Pick a range once — it applies to the PR/ZW-FUT ratio line, the OHLC candles and the Phosphate Rock / Wheat Futures price chart below.
PR/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Phosphate Rock buys, over 1Y.
No overlapping history for PR/ZW-FUT over 1Y. Try a longer range.
PR/ZW-FUT ratio candles
Open, high, low and close of the PR/ZW-FUT ratio for each period in the last 1Y.
No overlapping history for PR/ZW-FUT over 1Y. Try a longer range.
Phosphate Rock 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 phosphate rock to wheat futures ratio
Phosphate Rock to Wheat Futures ratio = Phosphate Rock 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 phosphate rock — rather than a plain count.
Worked example, live prices: $152.50 ÷ $693.92 = 0.2198. The inverse is 4.550.
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 phosphate rock to wheat futures ratio today?
The phosphate rock to wheat futures ratio is 0.2198 — Phosphate Rock at $152.50 per Metric Ton divided by Wheat Futures at $693.92 per Ounce, from live mid-market prices.
How do you calculate the phosphate rock to wheat futures ratio?
Divide the phosphate rock 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 phosphate rock.
What is the inverse of the phosphate rock to wheat futures ratio?
The inverse, wheat futures to phosphate rock, is 4.550 — how many Metric Tons of phosphate rock one Ounce of wheat futures buys.