Commodity ratio · live
UK Gas to Wheat Futures Ratio
The uk gas to wheat futures ratio is 0.2373 — UK Gas at $164.69 per Therm divided by Wheat Futures at $693.90 per Ounce.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
UK Gas to Wheat Futures ratio
1.000 Thm of uk gas = 0.2373 Oz of wheat futures
Inverse (ZW-FUT/UK-GAS): 4.213 — one Ounce of wheat futures buys that much uk gas.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
UK Gas
$164.69
per Therm
Wheat Futures
$693.90
per Ounce
Unit basis: USD per Therm ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Therm of uk gas. Prices as of Mon, 24 Aug 2026 10:37:28 GMT.
1Y average
0.1776
median 0.1739
1Y low
0.1235
Feb 25, 2026
1Y high
0.3006
Mar 2, 2026
Normal band
0.1470–0.2082
mean ± 1 std dev
Deviation from mean
+1.95σ
327 observations
UK Gas to Wheat Futures ratio charts
Pick a range once — it applies to the UK-GAS/ZW-FUT ratio line, the OHLC candles and the UK Gas / Wheat Futures price chart below.
UK-GAS/ZW-FUT ratio line
How many Oz of Wheat Futures one Thm of UK Gas buys, over 1Y.
UK-GAS/ZW-FUT ratio candles
Open, high, low and close of the UK-GAS/ZW-FUT ratio for each period in the last 1Y.
UK Gas 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 uk gas to wheat futures ratio
UK Gas to Wheat Futures ratio = UK Gas price per Therm ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Therm of uk gas — rather than a plain count.
Worked example, live prices: $164.69 ÷ $693.90 = 0.2373. The inverse is 4.213.
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 uk gas to wheat futures ratio today?
The uk gas to wheat futures ratio is 0.2373 — UK Gas at $164.69 per Therm divided by Wheat Futures at $693.90 per Ounce, from live mid-market prices.
How do you calculate the uk gas to wheat futures ratio?
Divide the uk gas price per Therm 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 Therm of uk gas.
What is the inverse of the uk gas to wheat futures ratio?
The inverse, wheat futures to uk gas, is 4.213 — how many Therms of uk gas one Ounce of wheat futures buys.