Commodity ratio · live
Wheat Futures to Lamb Ratio
The wheat futures to lamb ratio is 37.46 — Wheat Futures at $25,642.76 per kilogram divided by Lamb at $684.47 per kilogram.
Wheat futures is quoted per ounce and lamb per kilogram, 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, 2:50 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Lamb ratio
1.000 kg of wheat futures = 37.464 kg of lamb
Inverse (LAMB/ZW-FUT): 0.02669 — one kilogram of lamb buys that much wheat futures.
Close to the middle of its 1 year range. (69th percentile of the last 1 year)
Wheat Futures
$25,642.76
per kilogram
Lamb
$684.47
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 14:50:48 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 lamb per kilogram, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
36.47
median 36.55
1Y low
32.93
Aug 6, 2026
1Y high
40.51
Aug 28, 2026
Normal band
34.54–38.40
mean ± 1 std dev
Deviation from mean
+0.52σ
32 observations
Wheat Futures to Lamb ratio charts
Pick a range once — it applies to the ZW-FUT/LAMB ratio line, the OHLC candles and the Wheat Futures / Lamb price chart below.
ZW-FUT/LAMB ratio line
How many kg of Lamb one kg of Wheat Futures buys, over 1Y.
ZW-FUT/LAMB ratio candles
Open, high, low and close of the ZW-FUT/LAMB ratio for each period in the last 1Y.
Wheat Futures and Lamb 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 lamb ratio
Wheat Futures to Lamb ratio = Wheat Futures price in USD per kilogram ÷ Lamb 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 lamb per kilogram, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,642.76 per kilogram ÷ $684.47 per kilogram = 37.46. The inverse is 0.02669.
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 | 4342.23 |
| 2 | XAG | Silver | 66.19 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 95.23 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.80 |
| 5 | NG-FUT | Natural Gas Futures | 2.85 |
| 6 | PL | Platinum | 1814.97 |
| 7 | PA | Palladium | 1316.00 |
Frequently asked questions
What is the wheat futures to lamb ratio today?
The wheat futures to lamb ratio is 37.46 — Wheat Futures at $25,642.76 per kilogram divided by Lamb at $684.47 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to lamb ratio?
Divide the wheat futures price per kilogram by the lamb 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 lamb ratio?
The inverse, lamb to wheat futures, is 0.02669 — how many kilograms of wheat futures one kilogram of lamb buys.