Commodity ratio · live
Urea to Wheat Futures Ratio
The urea to wheat futures ratio is 0.5892 — Urea at $409.00 per Metric Ton 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.
Urea to Wheat Futures ratio
1.000 T of urea = 0.5892 Oz of wheat futures
Inverse (ZW-FUT/UREA): 1.697 — one Ounce of wheat futures buys that much urea.
Near the bottom of its 1 year range — historically compressed. (2th percentile of the last 1 year)
Urea
$409.00
per Metric Ton
Wheat Futures
$694.15
per Ounce
Unit basis: USD per Metric Ton ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Metric Ton of urea. Prices as of Mon, 24 Aug 2026 12:24:13 GMT.
1Y average
0.7988
median 0.7537
1Y low
0.5664
Aug 16, 2026
1Y high
1.225
Apr 9, 2026
Normal band
0.6293–0.9683
mean ± 1 std dev
Deviation from mean
-1.24σ
326 observations
Urea to Wheat Futures ratio charts
Pick a range once — it applies to the UREA/ZW-FUT ratio line, the OHLC candles and the Urea / Wheat Futures price chart below.
UREA/ZW-FUT ratio line
How many Oz of Wheat Futures one T of Urea buys, over 1Y.
UREA/ZW-FUT ratio candles
Open, high, low and close of the UREA/ZW-FUT ratio for each period in the last 1Y.
Urea 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 urea to wheat futures ratio
Urea to Wheat Futures ratio = Urea 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 urea — rather than a plain count.
Worked example, live prices: $409.00 ÷ $694.15 = 0.5892. The inverse is 1.697.
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 urea to wheat futures ratio today?
The urea to wheat futures ratio is 0.5892 — Urea at $409.00 per Metric Ton divided by Wheat Futures at $694.15 per Ounce, from live mid-market prices.
How do you calculate the urea to wheat futures ratio?
Divide the urea 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 urea.
What is the inverse of the urea to wheat futures ratio?
The inverse, wheat futures to urea, is 1.697 — how many Metric Tons of urea one Ounce of wheat futures buys.