Commodity ratio · live

Wheat Futures to Maize Ratio

The wheat futures to maize ratio is 114421 Wheat Futures at $25,630.41 per kilogram divided by Maize at $0.2240 per kilogram.

Wheat futures is quoted per ounce and maize 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 21, 2026, 3:53 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.

Ounce
ZW-FUT · USD per Ounce
MAIZE · USD per Metric Ton

Wheat Futures to Maize ratio

114421

1.000 kg of wheat futures = 114,421.5 kg of maize

Inverse (MAIZE/ZW-FUT): 0.000008740 — one kilogram of maize buys that much wheat futures.

Wheat Futures

$25,630.41

per kilogram

Maize

$0.2240

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 15:53:31 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 maize per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.

Wheat Futures to Maize ratio charts

Pick a range once — it applies to the ZW-FUT/MAIZE ratio line, the OHLC candles and the Wheat Futures / Maize price chart below.

One of these commodities only updates monthly, so short ranges are unavailable.

ZW-FUT/MAIZE ratio line

How many kg of Maize one kg of Wheat Futures buys, over 1Y.

No overlapping history for ZW-FUT/MAIZE over 1Y. Try a longer range.

ZW-FUT/MAIZE ratio candles

Open, high, low and close of the ZW-FUT/MAIZE ratio for each period in the last 1Y.

No overlapping history for ZW-FUT/MAIZE over 1Y. Try a longer range.

Wheat Futures and Maize 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 maize ratio

Wheat Futures to Maize ratio = Wheat Futures price in USD per kilogram ÷ Maize 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 maize 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: $25,630.41 per kilogram ÷ $0.2240 per kilogram = 114421. The inverse is 0.000008740.

Live prices behind the ratio

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Frequently asked questions

What is the wheat futures to maize ratio today?

The wheat futures to maize ratio is 114421 — Wheat Futures at $25,630.41 per kilogram divided by Maize at $0.2240 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.

How do you calculate the wheat futures to maize ratio?

Divide the wheat futures price per kilogram by the maize 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 maize ratio?

The inverse, maize to wheat futures, is 0.000008740 — how many kilograms of wheat futures one kilogram of maize buys.

Wheat Futures to Maize Ratio — 114421 Today | CommodityPriceAPI