Commodity ratio · live
Wheat Futures to Oats Future Ratio
The wheat futures to oats future ratio is 1.772 — Wheat Futures at $724.05 per ounce divided by Oats Future at $408.52 per bushel.
Prices as of Sep 22, 2026, 12:38 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Oats Future ratio
1.000 Oz of wheat futures = 1.772 Bu of oats future
Inverse (OAT-FUT/ZW-FUT): 0.5642 — one bushel of oats future buys that much wheat futures.
Close to the middle of its 1 year range. (44th percentile of the last 1 year)
Wheat Futures
$724.05
per ounce
Oats Future
$408.52
per bushel
Unit basis: USD per ounce ÷ USD per bushel. The two legs are priced per different things — dollars per ounce against dollars per bushel — so the result is a rate: bushels of oats future per ounce of wheat futures, not a plain count. Prices as of Tue, 22 Sep 2026 00:38:23 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
1Y average
1.849
median 1.801
1Y low
1.564
Mar 13, 2026
1Y high
2.586
Jun 30, 2026
Normal band
1.698–2.001
mean ± 1 std dev
Deviation from mean
-0.51σ
171 observations
Wheat Futures to Oats Future ratio charts
Pick a range once — it applies to the ZW-FUT/OAT-FUT ratio line, the OHLC candles and the Wheat Futures / Oats Future price chart below.
ZW-FUT/OAT-FUT ratio line
How many Bu of Oats Future one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/OAT-FUT ratio candles
Open, high, low and close of the ZW-FUT/OAT-FUT ratio for each period in the last 1Y.
Wheat Futures and Oats Future 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 oats future ratio
Wheat Futures to Oats Future ratio = Wheat Futures price in USD per ounce ÷ Oats Future price in USD per bushel
The two legs are priced per different things — dollars per ounce against dollars per bushel — so the result is a rate: bushels of oats future per ounce of wheat futures, not a plain count.
Worked example, live prices: $724.05 per ounce ÷ $408.52 per bushel = 1.772. The inverse is 0.5642.
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 | 4337.13 |
| 2 | XAG | Silver | 66.10 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 91.01 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 99.70 |
| 5 | NG-FUT | Natural Gas Futures | 2.96 |
| 6 | PL | 1823.76 | |
| 7 | PA | 1300.00 |
Frequently asked questions
What is the wheat futures to oats future ratio today?
The wheat futures to oats future ratio is 1.772 — Wheat Futures at $724.05 per ounce divided by Oats Future at $408.52 per bushel, from live mid-market prices.
How do you calculate the wheat futures to oats future ratio?
Divide the wheat futures price per ounce by the oats future price per bushel. The two legs are priced per different things — dollars per ounce against dollars per bushel — so the result is a rate: bushels of oats future per ounce of wheat futures, not a plain count.
What is the inverse of the wheat futures to oats future ratio?
The inverse, oats future to wheat futures, is 0.5642 — how many ounces of wheat futures one bushel of oats future buys.