Commodity ratio · live
Propane to Wheat Futures Ratio
The propane to wheat futures ratio is 0.001079 — Propane at $0.7500 per Gallon divided by Wheat Futures at $695.05 per Ounce.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Propane to Wheat Futures ratio
1.000 Gal of propane = 0.001079 Oz of wheat futures
Inverse (ZW-FUT/PROP): 926.7 — one Ounce of wheat futures buys that much propane.
Near the bottom of its 1 year range — historically compressed. (3th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Wheat Futures
$695.05
per Ounce
Unit basis: USD per Gallon ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Gallon of propane. Prices as of Mon, 24 Aug 2026 11:33:38 GMT.
1Y average
0.001256
median 0.001267
1Y low
0.001037
Aug 5, 2026
1Y high
0.001462
Jun 2, 2026
Normal band
0.001162–0.001351
mean ± 1 std dev
Deviation from mean
-1.88σ
325 observations
Propane to Wheat Futures ratio charts
Pick a range once — it applies to the PROP/ZW-FUT ratio line, the OHLC candles and the Propane / Wheat Futures price chart below.
PROP/ZW-FUT ratio line
How many Oz of Wheat Futures one Gal of Propane buys, over 1Y.
PROP/ZW-FUT ratio candles
Open, high, low and close of the PROP/ZW-FUT ratio for each period in the last 1Y.
Propane 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 propane to wheat futures ratio
Propane to Wheat Futures ratio = Propane price per Gallon ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $695.05 = 0.001079. The inverse is 926.7.
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 propane to wheat futures ratio today?
The propane to wheat futures ratio is 0.001079 — Propane at $0.7500 per Gallon divided by Wheat Futures at $695.05 per Ounce, from live mid-market prices.
How do you calculate the propane to wheat futures ratio?
Divide the propane price per Gallon 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 Gallon of propane.
What is the inverse of the propane to wheat futures ratio?
The inverse, wheat futures to propane, is 926.7 — how many Gallons of propane one Ounce of wheat futures buys.