Commodity ratio · live
Wheat Futures to Hides Ratio
The wheat futures to hides ratio is 12.26 — Wheat Futures at $694.93 per Ounce divided by Hides at $56.69 per Pound.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Hides ratio
1.000 Oz of wheat futures = 12.258 lbs of hides
Inverse (HIDE/ZW-FUT): 0.08158 — one Pound of hides buys that much wheat futures.
Wheat Futures
$694.93
per Ounce
Hides
¢56.69
per Pound
Unit basis: USD per Ounce ÷ US Cents per Pound. The ratio reads as Pounds of hides per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 11:27:15 GMT.
These two commodities are quoted in different currencies (USD and US Cents). The figure above is a raw quote ratio and is not FX-adjusted.
Wheat Futures to Hides ratio charts
Pick a range once — it applies to the ZW-FUT/HIDE ratio line, the OHLC candles and the Wheat Futures / Hides price chart below.
ZW-FUT/HIDE ratio line
How many lbs of Hides one Oz of Wheat Futures buys, over 1Y.
No overlapping history for ZW-FUT/HIDE over 1Y. Try a longer range.
ZW-FUT/HIDE ratio candles
Open, high, low and close of the ZW-FUT/HIDE ratio for each period in the last 1Y.
No overlapping history for ZW-FUT/HIDE over 1Y. Try a longer range.
Wheat Futures and Hides 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 hides ratio
Wheat Futures to Hides ratio = Wheat Futures price per Ounce ÷ Hides price per Pound
The two legs use different units, so the result is a rate — Pounds of hides per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $694.93 ÷ $56.69 = 12.26. The inverse is 0.08158.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the wheat futures to hides ratio today?
The wheat futures to hides ratio is 12.26 — Wheat Futures at $694.93 per Ounce divided by Hides at $56.69 per Pound, from live mid-market prices.
How do you calculate the wheat futures to hides ratio?
Divide the wheat futures price per Ounce by the hides price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of hides per Ounce of wheat futures.
What is the inverse of the wheat futures to hides ratio?
The inverse, hides to wheat futures, is 0.08158 — how many Ounces of wheat futures one Pound of hides buys.