Commodity ratio · live
Wheat Futures to Ethanol Ratio
The wheat futures to ethanol ratio is 349.2 — Wheat Futures at $726.38 per Ounce divided by Ethanol at $2.08 per Gallon.
Prices as of Sep 16, 2026, 11:17 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Ethanol ratio
1.000 Oz of wheat futures = 349.221 Gal of ethanol
Inverse (ETHANOL/ZW-FUT): 0.002864 — one Gallon of ethanol buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Wheat Futures
$726.38
per Ounce
Ethanol
$2.08
per Gallon
Unit basis: USD per Ounce ÷ USD per Gallon. The ratio reads as Gallons of ethanol per Ounce of wheat futures. Prices as of Wed, 16 Sep 2026 11:17:58 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
318.4
median 320.3
1Y low
252.3
Sep 26, 2025
1Y high
377.1
Aug 27, 2026
Normal band
298.6–338.2
mean ± 1 std dev
Deviation from mean
+1.55σ
170 observations
Wheat Futures to Ethanol ratio charts
Pick a range once — it applies to the ZW-FUT/ETHANOL ratio line, the OHLC candles and the Wheat Futures / Ethanol price chart below.
ZW-FUT/ETHANOL ratio line
How many Gal of Ethanol one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/ETHANOL ratio candles
Open, high, low and close of the ZW-FUT/ETHANOL ratio for each period in the last 1Y.
Wheat Futures and Ethanol 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 ethanol ratio
Wheat Futures to Ethanol ratio = Wheat Futures price per Ounce ÷ Ethanol price per Gallon
The two legs use different units, so the result is a rate — Gallons of ethanol per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $726.38 ÷ $2.08 = 349.2. The inverse is 0.002864.
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 | 4283.59 |
| 2 | XAG | Silver | 63.37 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 101.53 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 105.05 |
| 5 | NG-FUT | Natural Gas Futures | 2.89 |
| 6 | PL | Platinum | 1770.16 |
| 7 | PA | Palladium | 1293.80 |
Frequently asked questions
What is the wheat futures to ethanol ratio today?
The wheat futures to ethanol ratio is 349.2 — Wheat Futures at $726.38 per Ounce divided by Ethanol at $2.08 per Gallon, from live mid-market prices.
How do you calculate the wheat futures to ethanol ratio?
Divide the wheat futures price per Ounce by the ethanol price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of ethanol per Ounce of wheat futures.
What is the inverse of the wheat futures to ethanol ratio?
The inverse, ethanol to wheat futures, is 0.002864 — how many Ounces of wheat futures one Gallon of ethanol buys.