Commodity ratio · live
Wheat Futures to Butter Ratio
The wheat futures to butter ratio is 0.1595 — Wheat Futures at $693.65 per Ounce divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Butter ratio
1.000 Oz of wheat futures = 0.1595 T of butter
Inverse (BUTTER/ZW-FUT): 6.271 — one Metric Ton of butter buys that much wheat futures.
Above its 1 year average. (86th percentile of the last 1 year)
Wheat Futures
$693.65
per Ounce
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Ounce ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 10:35:24 GMT.
These two commodities are quoted in different currencies (USD and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.1319
median 0.1316
1Y low
0.07201
Aug 24, 2025
1Y high
0.1794
Jul 22, 2026
Normal band
0.1079–0.1559
mean ± 1 std dev
Deviation from mean
+1.15σ
326 observations
Wheat Futures to Butter ratio charts
Pick a range once — it applies to the ZW-FUT/BUTTER ratio line, the OHLC candles and the Wheat Futures / Butter price chart below.
ZW-FUT/BUTTER ratio line
How many T of Butter one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/BUTTER ratio candles
Open, high, low and close of the ZW-FUT/BUTTER ratio for each period in the last 1Y.
Wheat Futures and Butter 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 butter ratio
Wheat Futures to Butter ratio = Wheat Futures price per Ounce ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $693.65 ÷ $4,350.00 = 0.1595. The inverse is 6.271.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the wheat futures to butter ratio today?
The wheat futures to butter ratio is 0.1595 — Wheat Futures at $693.65 per Ounce divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the wheat futures to butter ratio?
Divide the wheat futures price per Ounce by the butter price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of butter per Ounce of wheat futures.
What is the inverse of the wheat futures to butter ratio?
The inverse, butter to wheat futures, is 6.271 — how many Ounces of wheat futures one Metric Ton of butter buys.