Commodity ratio · live
Wheat Futures to Milk Ratio
The wheat futures to milk ratio is 71761 — Wheat Futures at $25,566.21 per kilogram divided by Milk at $0.3563 per kilogram.
Wheat futures is quoted per ounce and milk per hundredweight, 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, 12:59 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Milk ratio
1.000 kg of wheat futures = 71,761.4 kg of milk
Inverse (MILK/ZW-FUT): 0.00001394 — one kilogram of milk buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Wheat Futures
$25,566.21
per kilogram
Milk
$0.3563
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 00:59:21 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 milk per hundredweight, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
58126
median 57971
1Y low
45689
Sep 26, 2025
1Y high
75681
Sep 1, 2026
Normal band
51513–64740
mean ± 1 std dev
Deviation from mean
+2.06σ
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 kg of Milk one kg 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 in USD per kilogram ÷ Milk 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 milk per hundredweight, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,566.21 per kilogram ÷ $0.3563 per kilogram = 71761. The inverse is 0.00001394.
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 | 4347.67 |
| 2 | XAG | Silver | 66.16 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 93.07 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 101.30 |
| 5 | NG-FUT | Natural Gas Futures | 2.85 |
| 6 | PL | Platinum | 1797.71 |
| 7 | PA | Palladium | 1305.20 |
Frequently asked questions
What is the wheat futures to milk ratio today?
The wheat futures to milk ratio is 71761 — Wheat Futures at $25,566.21 per kilogram divided by Milk at $0.3563 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to milk ratio?
Divide the wheat futures price per kilogram by the milk 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 milk ratio?
The inverse, milk to wheat futures, is 0.00001394 — how many kilograms of wheat futures one kilogram of milk buys.