Commodity ratio · live
Wheat Futures to Hides Ratio
The wheat futures to hides ratio is 20449 — Wheat Futures at $25,557.75 per kilogram divided by Hides at $1.25 per kilogram.
Wheat futures is quoted per ounce and hides per pound, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 22, 2026, 2:38 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Hides ratio
1.000 kg of wheat futures = 20,449.5 kg of hides
Inverse (HIDE/ZW-FUT): 0.00004890 — one kilogram of hides buys that much wheat futures.
Wheat Futures
$25,557.75
per kilogram
Hides
$1.25
per kilogram
quoted US Cents 56.69 per Pound
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 on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Wheat futures is quoted per ounce and hides per pound, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Wheat Futures to Hides ratio charts
Pick a range once — it applies to the ZW-FUT/HIDE ratio line, the OHLC candles and the Wheat Futures / Hides price chart below.
ZW-FUT/HIDE ratio line
How many kg of Hides one kg of Wheat Futures buys, over 1Y.
No overlapping history for ZW-FUT/HIDE over 1Y. Try a longer range.
ZW-FUT/HIDE ratio candles
Open, high, low and close of the ZW-FUT/HIDE ratio for each period in the last 1Y.
No overlapping history for ZW-FUT/HIDE over 1Y. Try a longer range.
Wheat Futures and Hides 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 hides ratio
Wheat Futures to Hides ratio = Wheat Futures price in USD per kilogram ÷ Hides 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 hides per pound, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,557.75 per kilogram ÷ $1.25 per kilogram = 20449. The inverse is 0.00004890.
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 | 4324.40 |
| 2 | XAG | Silver | 65.64 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 90.89 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.63 |
| 5 | NG-FUT | Natural Gas Futures | 2.91 |
| 6 | PL | 1822.39 | |
| 7 | PA | 1303.20 |
Frequently asked questions
What is the wheat futures to hides ratio today?
The wheat futures to hides ratio is 20449 — Wheat Futures at $25,557.75 per kilogram divided by Hides at $1.25 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to hides ratio?
Divide the wheat futures price per kilogram by the hides 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 hides ratio?
The inverse, hides to wheat futures, is 0.00004890 — how many kilograms of wheat futures one kilogram of hides buys.