Commodity ratio · live

Wheat Futures to Lamb Ratio

The wheat futures to lamb ratio is 1.033 Wheat Futures at $707.00 per Ounce divided by Lamb at $684.39 per Kilogram.

Prices as of Sep 13, 2026, 11:10 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.

Ounce
ZW-FUT · USD per Ounce
LAMB · USD per Kilogram

Wheat Futures to Lamb ratio

1.033+8.35% / 1Y

1.000 Oz of wheat futures = 1.033 kg of lamb

Inverse (LAMB/ZW-FUT): 0.9680 — one Kilogram of lamb buys that much wheat futures.

Close to the middle of its 1 year range. (50th percentile of the last 1 year)

Wheat Futures

$707.00

per Ounce

Lamb

$684.39

per Kilogram

Unit basis: USD per Ounce ÷ USD per Kilogram. The ratio reads as Kilograms of lamb per Ounce of wheat futures. Prices as of Sun, 13 Sep 2026 11:10:13 GMT.

Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.

1Y average

1.032

median 1.031

1Y low

0.9334

Aug 6, 2026

1Y high

1.149

Aug 28, 2026

Normal band

0.9763–1.089

mean ± 1 std dev

Deviation from mean

+0.01σ

30 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 Oz 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 per Ounce ÷ Lamb price per Kilogram

The two legs use different units, so the result is a rate — Kilograms of lamb per Ounce of wheat futures — rather than a plain count.

Worked example, live prices: $707.00 ÷ $684.39 = 1.033. The inverse is 0.9680.

Live prices behind the ratio

#SymbolNameRate (USD)
1XAUGold4283.59
2XAGSilver63.37
3WTIOIL-FUTCrude Oil WTI Futures101.53
4BRENTOIL-FUTCrude Oil Brent Futures105.05
5NG-FUTNatural Gas Futures2.89
6PLPlatinum1770.16
7PAPalladium1293.80

Frequently asked questions

What is the wheat futures to lamb ratio today?

The wheat futures to lamb ratio is 1.033 — Wheat Futures at $707.00 per Ounce divided by Lamb at $684.39 per Kilogram, from live mid-market prices.

How do you calculate the wheat futures to lamb ratio?

Divide the wheat futures price per Ounce by the lamb price per Kilogram. If the two units differ, the result is a rate rather than a plain count — read it as Kilograms of lamb per Ounce of wheat futures.

What is the inverse of the wheat futures to lamb ratio?

The inverse, lamb to wheat futures, is 0.9680 — how many Ounces of wheat futures one Kilogram of lamb buys.

Wheat Futures to Lamb Ratio — 1.033 Today | CommodityPriceAPI