Commodity ratio · live
Wheat Futures to Natural Gas Futures Ratio
The wheat futures to natural gas futures ratio is 251.3 — Wheat Futures at $723.78 per Ounce divided by Natural Gas Futures at $2.88 per Million British Thermal Units.
Prices as of Sep 21, 2026, 7:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Natural Gas Futures ratio
1.000 Oz of wheat futures = 251.313 MMBtu of natural gas futures
Inverse (NG-FUT/ZW-FUT): 0.003979 — one Million British Thermal Units of natural gas futures buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (96th percentile of the last 1 year)
Wheat Futures
$723.78
per Ounce
Natural Gas Futures
$2.88
per Million British Thermal Units
Unit basis: USD per Ounce ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Ounce of wheat futures. Prices as of Mon, 21 Sep 2026 07:24:38 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
186.9
median 188.4
1Y low
76.93
Jan 24, 2026
1Y high
272.2
Aug 27, 2026
Normal band
142.2–231.7
mean ± 1 std dev
Deviation from mean
+1.44σ
172 observations
Wheat Futures to Natural Gas Futures ratio charts
Pick a range once — it applies to the ZW-FUT/NG-FUT ratio line, the OHLC candles and the Wheat Futures / Natural Gas Futures price chart below.
ZW-FUT/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/NG-FUT ratio candles
Open, high, low and close of the ZW-FUT/NG-FUT ratio for each period in the last 1Y.
Wheat Futures and Natural Gas Futures 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 natural gas futures ratio
Wheat Futures to Natural Gas Futures ratio = Wheat Futures price per Ounce ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $723.78 ÷ $2.88 = 251.3. The inverse is 0.003979.
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 | 4368.22 |
| 2 | XAG | Silver | 66.63 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 97.39 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 101.17 |
| 5 | NG-FUT | Natural Gas Futures | 2.85 |
| 6 | PL | Platinum | 1815.63 |
| 7 | PA | Palladium | 1311.30 |
Frequently asked questions
What is the wheat futures to natural gas futures ratio today?
The wheat futures to natural gas futures ratio is 251.3 — Wheat Futures at $723.78 per Ounce divided by Natural Gas Futures at $2.88 per Million British Thermal Units, from live mid-market prices.
How do you calculate the wheat futures to natural gas futures ratio?
Divide the wheat futures price per Ounce by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Ounce of wheat futures.
What is the inverse of the wheat futures to natural gas futures ratio?
The inverse, natural gas futures to wheat futures, is 0.003979 — how many Ounces of wheat futures one Million British Thermal Units of natural gas futures buys.