Commodity ratio · live
Wheat Futures to Barley Ratio
The wheat futures to barley ratio is 210423 — Wheat Futures at $25,650.52 per kilogram divided by Barley at $0.1219 per kilogram.
Wheat futures is quoted per ounce and barley per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 21, 2026, 2:45 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Barley ratio
1.000 kg of wheat futures = 210,422.6 kg of barley
Inverse (NBLC1/ZW-FUT): 0.000004752 — one kilogram of barley buys that much wheat futures.
Wheat Futures
$25,650.52
per kilogram
Barley
$0.1219
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Mon, 21 Sep 2026 14:45:49 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Wheat futures is quoted per ounce and barley per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Wheat Futures to Barley ratio charts
Pick a range once — it applies to the ZW-FUT/NBLC1 ratio line, the OHLC candles and the Wheat Futures / Barley price chart below.
ZW-FUT/NBLC1 ratio line
How many kg of Barley one kg of Wheat Futures buys, over 1Y.
No overlapping history for ZW-FUT/NBLC1 over 1Y. Try a longer range.
ZW-FUT/NBLC1 ratio candles
Open, high, low and close of the ZW-FUT/NBLC1 ratio for each period in the last 1Y.
No overlapping history for ZW-FUT/NBLC1 over 1Y. Try a longer range.
Wheat Futures and Barley prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the wheat futures to barley ratio
Wheat Futures to Barley ratio = Wheat Futures price in USD per kilogram ÷ Barley price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Wheat futures is quoted per ounce and barley per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,650.52 per kilogram ÷ $0.1219 per kilogram = 210423. The inverse is 0.000004752.
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 | 4352.68 |
| 2 | XAG | Silver | 66.22 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 95.37 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 100.08 |
| 5 | NG-FUT | Natural Gas Futures | 2.82 |
| 6 | PL | Platinum | 1813.14 |
| 7 | PA | Palladium | 1317.80 |
Frequently asked questions
What is the wheat futures to barley ratio today?
The wheat futures to barley ratio is 210423 — Wheat Futures at $25,650.52 per kilogram divided by Barley at $0.1219 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to barley ratio?
Divide the wheat futures price per kilogram by the barley price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the wheat futures to barley ratio?
The inverse, barley to wheat futures, is 0.000004752 — how many kilograms of wheat futures one kilogram of barley buys.