Commodity ratio · live
Wheat Futures to Hot-Rolled Coil Steel Ratio
The wheat futures to hot-rolled coil steel ratio is 19509 — Wheat Futures at $25,304.13 per kilogram divided by Hot-Rolled Coil Steel at $1.30 per kilogram.
Wheat futures is quoted per ounce and hot-rolled coil steel 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 22, 2026, 11:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Hot-Rolled Coil Steel ratio
1.000 kg of wheat futures = 19,508.5 kg of hot-rolled coil steel
Inverse (HRC-STEEL/ZW-FUT): 0.00005126 — one kilogram of hot-rolled coil steel buys that much wheat futures.
Close to the middle of its 1 year range. (42th percentile of the last 1 year)
Wheat Futures
$25,304.13
per kilogram
Hot-Rolled Coil Steel
$1.30
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 Tue, 22 Sep 2026 11:24:12 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 hot-rolled coil steel 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
19935
median 19758
1Y low
16820
Jun 28, 2026
1Y high
23443
Sep 28, 2025
Normal band
18563–21308
mean ± 1 std dev
Deviation from mean
-0.31σ
171 observations
Wheat Futures to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the ZW-FUT/HRC-STEEL ratio line, the OHLC candles and the Wheat Futures / Hot-Rolled Coil Steel price chart below.
ZW-FUT/HRC-STEEL ratio line
How many kg of Hot-Rolled Coil Steel one kg of Wheat Futures buys, over 1Y.
ZW-FUT/HRC-STEEL ratio candles
Open, high, low and close of the ZW-FUT/HRC-STEEL ratio for each period in the last 1Y.
Wheat Futures and Hot-Rolled Coil Steel 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 hot-rolled coil steel ratio
Wheat Futures to Hot-Rolled Coil Steel ratio = Wheat Futures price in USD per kilogram ÷ Hot-Rolled Coil Steel 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 hot-rolled coil steel 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: $25,304.13 per kilogram ÷ $1.30 per kilogram = 19509. The inverse is 0.00005126.
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 | 4318.59 |
| 2 | XAG | Silver | 65.44 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 90.30 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.75 |
| 5 | NG-FUT | Natural Gas Futures | 3.01 |
| 6 | PL | 1797.10 | |
| 7 | PA | 1289.70 |
Frequently asked questions
What is the wheat futures to hot-rolled coil steel ratio today?
The wheat futures to hot-rolled coil steel ratio is 19509 — Wheat Futures at $25,304.13 per kilogram divided by Hot-Rolled Coil Steel at $1.30 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to hot-rolled coil steel ratio?
Divide the wheat futures price per kilogram by the hot-rolled coil steel 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 hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to wheat futures, is 0.00005126 — how many kilograms of wheat futures one kilogram of hot-rolled coil steel buys.