Commodity ratio · live
Wheat Futures to Milk Ratio
The wheat futures to milk ratio is 43.78 — Wheat Futures at $707.00 per Ounce divided by Milk at $16.15 per Hundredweight.
Prices as of Sep 13, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Milk ratio
1.000 Oz of wheat futures = 43.777 Cwt of milk
Inverse (MILK/ZW-FUT): 0.02284 — one Hundredweight of milk buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Wheat Futures
$707.00
per Ounce
Milk
$16.15
per Hundredweight
Unit basis: USD per Ounce ÷ USD per Hundredweight. The ratio reads as Hundredweights of milk per Ounce of wheat futures. Prices as of Sun, 13 Sep 2026 10:31:03 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
36.15
median 36.13
1Y low
28.56
Sep 26, 2025
1Y high
47.30
Sep 1, 2026
Normal band
32.06–40.25
mean ± 1 std dev
Deviation from mean
+1.86σ
170 observations
Wheat Futures to Milk ratio charts
Pick a range once — it applies to the ZW-FUT/MILK ratio line, the OHLC candles and the Wheat Futures / Milk price chart below.
ZW-FUT/MILK ratio line
How many Cwt of Milk one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/MILK ratio candles
Open, high, low and close of the ZW-FUT/MILK ratio for each period in the last 1Y.
Wheat Futures and Milk 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 milk ratio
Wheat Futures to Milk ratio = Wheat Futures price per Ounce ÷ Milk price per Hundredweight
The two legs use different units, so the result is a rate — Hundredweights of milk per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $707.00 ÷ $16.15 = 43.78. The inverse is 0.02284.
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 | 4297.52 |
| 2 | XAG | Silver | 63.77 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 102.06 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 105.65 |
| 5 | NG-FUT | Natural Gas Futures | 2.89 |
| 6 | PL | Platinum | 1775.01 |
| 7 | PA | Palladium | 1299.20 |
Frequently asked questions
What is the wheat futures to milk ratio today?
The wheat futures to milk ratio is 43.78 — Wheat Futures at $707.00 per Ounce divided by Milk at $16.15 per Hundredweight, from live mid-market prices.
How do you calculate the wheat futures to milk ratio?
Divide the wheat futures price per Ounce by the milk price per Hundredweight. If the two units differ, the result is a rate rather than a plain count — read it as Hundredweights of milk per Ounce of wheat futures.
What is the inverse of the wheat futures to milk ratio?
The inverse, milk to wheat futures, is 0.02284 — how many Ounces of wheat futures one Hundredweight of milk buys.