Commodity ratio · live
Wheat Futures to Fish Meal Ratio
The wheat futures to fish meal ratio is 7592 — Wheat Futures at $22,139.35 per kilogram divided by Fish Meal at $2.92 per kilogram.
Wheat futures is quoted per ounce and fish meal 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 Oct 23, 2026, 1:39 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Fish Meal ratio
1.000 kg of wheat futures = 7,592.4 kg of fish meal
Inverse (FM/ZW-FUT): 0.0001317 — one kilogram of fish meal buys that much wheat futures.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Wheat Futures
$22,139.35
per kilogram
Fish Meal
$2.92
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 Fri, 23 Oct 2026 13:39:26 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 fish meal per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
10089
median 10069
1Y low
8592
Aug 1, 2026
1Y high
11498
Mar 1, 2026
Normal band
9317–10861
mean ± 1 std dev
Deviation from mean
-3.23σ
10 observations
Wheat Futures to Fish Meal ratio charts
Pick a range once — it applies to the ZW-FUT/FM ratio line, the OHLC candles and the Wheat Futures / Fish Meal price chart below.
ZW-FUT/FM ratio line
How many kg of Fish Meal one kg of Wheat Futures buys, over 1Y.
ZW-FUT/FM ratio candles
Open, high, low and close of the ZW-FUT/FM ratio for each period in the last 1Y.
Wheat Futures and Fish Meal 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 fish meal ratio
Wheat Futures to Fish Meal ratio = Wheat Futures price in USD per kilogram ÷ Fish Meal 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 fish meal 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: $22,139.35 per kilogram ÷ $2.92 per kilogram = 7592. The inverse is 0.0001317.
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 | 3984.39 |
| 2 | XAG | Silver | 53.50 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 103.26 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 116.14 |
| 5 | NG-FUT | Natural Gas Futures | 2.68 |
| 6 | XPT | Platinum | 1553.86 |
| 7 | XPD | Palladium | 1052.40 |
Frequently asked questions
What is the wheat futures to fish meal ratio today?
The wheat futures to fish meal ratio is 7592 — Wheat Futures at $22,139.35 per kilogram divided by Fish Meal at $2.92 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to fish meal ratio?
Divide the wheat futures price per kilogram by the fish meal 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 fish meal ratio?
The inverse, fish meal to wheat futures, is 0.0001317 — how many kilograms of wheat futures one kilogram of fish meal buys.